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Home > Forum > Mumbai > Real estate News > Godrej Industries has sold over 2% shares in Godrej Properties for Rs 132 crore

Godrej Industries has sold over 2% shares in Godrej Properties for Rs 132 crore

Q: The company sold total 40.05 lakh shares in three installments on December 18 and 21 at Rs 330/share.

godrej properties
godrej industries
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Replies (2)
1
Hi folks,
It is also come to know that Kotak Mahindra Bank acquired a 1.37% stake in Godrej Properties for over Rs 90 crore through an open market transaction. Is it true?
Mritunjoy Deb


2
Yes, the developer disclosed the matter in a regulatory filing on the Bombay Stock Exchange. After this news, shares of Godrej Properties closed at Rs 341.50 on the BSE, up 2%.
Pranay Malhotra


And the total stake of Godrej industries that earlier held 55.1% stake in Godrej Properties, now holds 53.1% stake in the company post the share sale.
david.m,  
23rd December 2015


3

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