Godrej Properties has increased its stake in equity share capital of Wonder City Buildcon (WCBPL) and Godrej Home Constructions (GHCPL) from 25.10% to 74%. Pursuant to the said acquisition, WCBPL and GHCPL have become subsidiaries of the Company with effect from March 29, 2023.
5,45,82,762 Equity Shares of Rs 10 each, representing 48.90% paid-up equity share capital of WCBPL are acquired from existing shareholders, while 4,16,67,663 Equity Shares of Rs 10 each, representing 48.90% paid-up equity share capital of GHCPL are acquired from existing shareholders.
Godrej Properties is a realty firm of Godrej group and it is one of the leading real estate development companies in India based in Mumbai, Maharashtra. Currently, their business focuses on residential, commercial and township developments.
