NEW DELHI: Godrej Properties (GPL) has further increased its stake in the equity share capital of Godrej Home Constructions (GHCL) from 74% to 100% for a total consideration of Rs 14.98 crore, the company said in a BSE filing.
According to the regulatory filing, 2,21,54,587 equity shares of Rs 10 each, representing 26% paid-up equity share capital of GHCL are acquired from existing shareholders. Under the said acquisition, GHCL has become a wholly-owned subsidiary of the company with effect from June 02, 2023.
The Paid-up share capital of GHCL is Rs 85.20 crore and the turnover for FY 2022-23 was Rs 5.06 crore.
Posted By
Ruchi Mane
info@houssed.com
Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.