Godrej Properties increases its stake in Godrej Home Constructions

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.