Godrej Properties Limited — Important, 01-07-2025: Sale or disposal
01-07-2025 | 05:26 pm
01-07-2025 | 05:26 pm
Godrej Properties Limited has sold a 2.5% stake in Vivrut Developers Private Limited to Godrej Ventures And Investment Advisers Private Limited for Rs. 8.63 crore. Vivrut Developers reported a loss after tax of Rs. 0.16 crore and a net worth of Rs. 0.17 crore, contributing minimally to the group’s overall financials. The buyer, GVAIAPL, is part of the promoter group, and the transaction was conducted at arm's length based on fair valuation.
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