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Godrej Properties moves higher on buying 49% stake in GDPL

05 Dec 2013 Evaluate

Godrej Properties is currently trading at Rs. 168.45, up by 2.05 points or 1.23% from its previous closing of Rs. 166.40 on the BSE.

The scrip opened at Rs. 171.95 and has touched a high and low of Rs. 171.95 and Rs. 167.50 respectively. So far 4041 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 320.16 on 07-Dec-2012 and a 52 week low of Rs. 165.75 on 29-Nov-2013.

Last one week high and low of the scrip stood at Rs. 171.95 and Rs. 165.75 respectively. The current market cap of the company is Rs. 3,356 crore.

The promoters holding in the company stood at 74.96%, while Institutions and Non-Institutions held 16.82% and 8.22% respectively.

Godrej Properties has given exit to Red Fort by purchasing its 49% stake in the equity share capital of its subsidiary, Godrej Developers (GDPL). Consequently, GDPL has become wholly owned subsidiary of the company with effect from December 04, 2013.

The company has taken this step in terms of the agreement with Red Fort India Real Estate Babur (Red Fort) for Project Godrej Genesis at Kolkata.

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.

Godrej Properties Share Price

1758.65 11.15 (0.64%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
View more..

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