SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GIC to acquire 63.9% stake in Nirlon for Rs 1,280 crore

29 Apr 2015 Evaluate

Singapore's sovereign wealth fund GIC is acquiring 63.9% stake in the Mumbai-based realty firm Nirlon for Rs 1,280 crore. In December, GIC had announced that its affiliate Reco Berry signed a definitive agreement to acquire stake in Nirlon. The acquisition of 28.4 per cent stake under the open offer has been completed and the Reco Berry is in the process of acquiring the 35.5 per cent stake under the agreements.

Nirlon, which is listed on the BSE, owns Nirlon Knowledge Park, a high quality office park located in Mumbai. The park comprises seven blocks and is spread across 2.2 million sq ft.

Nirlon Share Price

537.55 2.35 (0.44%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4094.95
Rail Vikas Nigam 303.10
NCC 161.30
KEC International 580.10
Kalpataru Projects 1232.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×