G.G. Dandekar Properties Ltd. Accepts Buy-back Offer from Associate Company Navasasyam Dandekar, Reducing Shareholding to 33.31%

G.G. Dandekar Properties Ltd. has accepted a buy-back offer from its unlisted private limited associate company, Navasasyam Dandekar Private Limited, purchasing 30,730 equity shares at INR 756 per share. The total consideration amount received was INR 2,32,31,880. The buy-back will increase the company's profit by INR 2,32,01,150 (excluding tax impact), reduce the investment value in the associate by INR 30,730, and increase the bank balance by INR 2,09,08,692. The company's net worth will also increase by INR 2,32,01,150 (excluding tax impact). Post-buyback, the company's shareholding in Navasasyam Dandekar Private Limited will be around 33.31%.