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Godrej Properties shines on getting nod for scheme of amalgamation

11 Dec 2013 Evaluate

Godrej Properties is currently trading at Rs. 163.50, up by 0.05 points or 0.03% from its previous closing of Rs. 163.45 on the BSE.

The scrip opened at Rs. 166.90 and has touched a high and low of Rs. 166.90 and Rs. 163.00 respectively. So far 4223 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 315.86 on 18-Dec-2012 and a 52 week low of Rs. 165.50 on 10-Nov-2013.

Last one week high and low of the scrip stood at Rs. 171.95 and Rs. 162.50 respectively. The current market cap of the company is Rs. 3,257 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’ Board of Directors at its meeting  held on December 9, 2013, by way of circular resolution has approved the Scheme of Amalgamation of Godrej Developers  with Godrej Projects Development under sections 391 to 394 read with sections 78, 100 to 103 of the Companies Act, 1956.

The Scheme is subject to approval of the High Court of Judicature at Bombay and the shareholders of Godrej Developers and Godrej Projects Development, as may be directed by the High Court of Judicature at Bombay.

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
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