Godrej Properties’ arm acquires 49% stake in GPBPL

30 Dec 2014

Godrej Properties’ wholly owned subsidiary - Godrej Projects Development (GPDPL), has acquired 49% of the paid-up share capital and entire Debentures of Godrej Premium Builders (GPBPL), a subsidiary of the company, from Madhavi SA Investments LLC and Madhavi Ventures.

Godrej Properties is a realty firm of Godrej group, promoted by Godrej Industries and Godrej & Boyce Manufacturing Company. It is one of the leading real estate development companies in India based in Mumbai, Maharashtra.

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