Godrej Properties Acquires 7% Stake in Godrej Skyline Developers for Rs. 9,25,000

Godrej Properties Limited has entered into an agreement to acquire 7% equity shares of Godrej Skyline Developers Limited from its existing shareholder. The transaction is not a related party transaction and the total consideration for the acquisition is Rs. 9,25,000. Godrej Skyline Developers Limited, incorporated in 2016, is primarily engaged in real estate development and related activities. The company's turnover for the last three financial years is as follows: Rs. 5,270.80 lakh (FY 2024-25), Rs. 23,072.54 lakh (FY 2022-23), and Rs. 27,297.44 lakh (FY 2023-24).