Godrej Properties (GPL) has sold 5% stake in Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) at a consideration of Rs 46.70 crore. Pursuant to Share Purchase Agreement between GPL, GFMIAPL and GGHPL, the company has sold stake in GGHPL.
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.