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Godrej Properties acquires 49% stake in Godrej Skyline Developers

29 Sep 2023 Evaluate

Godrej Properties has acquired 49% equity shares of Godrej Skyline Developers (GSDPL) from the existing shareholder. Pursuant to the said acquisition, the company together with its wholly-owned subsidiary viz Godrej Projects Development (GPDL), holds 93% of the equity share capital of GSDPL. Cost of acquisition is Rs 37.64 crore. 

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.


Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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