MoneyWorks4Me

Godrej Properties’ arm acquires 49% stake in GPBPL

30 Dec 2014 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1085.80
Prestige EstatesProj 1427.85
Dilip Buildcon 405.85
DLF 623.00
Oberoi Realty 1710.20
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