Godrej Properties gains on entering into an agreement with Shubh Properties

25 Jun 2013

Godrej Properties is currently trading at Rs. 512.00, up by 9.70 points or 1.93% from its previous closing of Rs. 502.30 on the BSE.

The scrip opened at Rs. 506.00 and has touched a high and low of Rs. 512.00 and Rs. 502.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 689.00 on 07-Dec-2012 and a 52 week low of Rs. 482.00 on 02-Aug-2012.

The current market cap of the company is Rs. 3,995.00 crore.

The promoters holding in the company stood at 74.99% while Institutions and Non-Institutions held 17.04% and 7.97% respectively.

Godrej Properties along with its subsidiary Godrej Projects Development (GPDPL) has entered into an agreement with Shubh Properties Co-operative U. A, and others, to transfer 49% of the equity share capital held by GPDPL in its subsidiary Godrej Redevelopers (Mumbai) for its project at Sahakar Nagar II, Chembur.

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.

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