Godrej Properties Ltd Sells 2.5% Stake in Vivrut Developers for Rs. 8.63 Crore

Godrej Properties Limited (GPL) has sold a 2.5% stake in Vivrut Developers Private Limited (VDPL) to Godrej Ventures And Investment Advisers Private Limited (GVAIAPL) for a consideration of Rs. 8.63 crore. The sale was executed through a Share Purchase Agreement dated July 01, 2025. VDPL contributed Rs. 0.17 crore to the total net worth of GPL during the last financial year, which constitutes 0.00% of the total net worth. The transaction is a related party transaction, but it is at arm's length with a fair valuation. GVAIAPL, the buyer, is a part of the promoter group of the company and is engaged in providing advisory services, managing, developing, and leasing real estate projects.