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Godrej Properties gains as its arm acquires 49% stake in GPBPL

31 Dec 2014

Godrej Properties is currently trading at Rs. 258.00, up by 0.30 points or 0.12% from its previous closing of Rs. 257.70 on the BSE.

The scrip opened at Rs. 257.25 and has touched a high and low of Rs. 260.25 and Rs. 254.95 respectively. So far 23518 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 283.00 on 08-Dec-2014 and a 52 week low of Rs. 153.90 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 268.90 and Rs. 244.90 respectively. The current market cap of the company is Rs. 5116.28 crore.

The promoters holding in the company stood at 74.92 % while Institutions and Non-Institutions held 12.44 % and 12.64 % respectively.

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.

Related Godrej Properties Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323