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.
