Godrej Properties' board approves stake sale in subsidiary
DSIJ Intelligence / 05 May 2017
The board of directors of Godrej Properties has approved the sale of its entire stake in Godrej Investment Advisers Private Limited subject to requisite approvals.
The board of directors of Godrej Properties has approved the sale of its entire stake in Godrej Investment Advisers Private Limited subject to requisite approvals. The stock witnessed high volumes at around 1110 hours on Friday.
As of 1224 hours on Friday, the stock attracted traded volume of 10,96,751 shares and traded value of Rs 59.35 cr.ore. On the BSE, the stock touched an intra-day high of Rs 551.90, up by 3.8%.
The company is engaged in construction and real estate development. It is developing residential, commercial and township projects spread across approximately 11.89 million square meters in over 10 cities.
The company has recently tied up with the Taj group to build a lavish hotel project in Mumbai, according to a national business daily.
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