Acquisitions4 Feb 2025, 12:31 am
Godrej Properties Acquires 100% Shares of Pearlshine Home Developers for Rs. 1,000
AI Summary
Godrej Properties Limited has acquired 100% equity shares of Pearlshine Home Developers Private Limited (PHDPL) from its existing shareholders. The acquisition was made on February 03, 2025, making PHDPL a wholly-owned subsidiary of the Company. PHDPL is primarily engaged in Real Estate Development. The paid-up share capital of PHDPL is Rs. 1,000 and its turnover is Nil. The acquisition does not fall under related party transactions and is not a share swap. The total consideration for the shares is Rs. 1,000.
Key Highlights
- Godrej Properties acquires 100% shares of Pearlshine Home Developers
- Total consideration of Rs. 1,000 for the shares
- Paid-up share capital of PHDPL is Rs. 1,000
- Turnover of PHDPL is Nil
- PHDPL is now a wholly-owned subsidiary of Godrej Properties