Deals25 Jun 2025, 08:22 pm
Godrej Properties Ltd Sells Stake in Three Companies for a Combined Consideration of Rs. 54 Crore
AI Summary
Godrej Properties Ltd (GPL) has sold its stake in three companies - Madhuvan Enterprises Private Limited (MEPL), Munjal Hospitality Private Limited (MHPL), and Vagishwari Land Developers Private Limited (VLDPL) - to Godrej Ventures and Investment Advisers Private Limited (GVAIAPL). The total consideration for the sale is Rs. 54 crore. The sale of stake in MEPL contributed 0.40% to the total Profit after Tax and 0.08% to the total Net-worth. The sale of stake in MHPL did not contribute to the turnover or revenue or income and net worth of the listed entity during the last financial year. The sale of stake in VLDPL contributed 0.22% to the total Profit after Tax and 0.02% to the total Net-worth.
Key Highlights
- Godrej Properties Ltd sells its 2.5% stake in Madhuvan Enterprises Private Limited to Godrej Ventures and Investment Advisers Private Limited for a consideration of Rs. 3.25 crore
- Godrej Properties Ltd sells its 2.5% stake in Munjal Hospitality Private Limited to Godrej Ventures and Investment Advisers Private Limited for a consideration of Rs. 33.44 crore
- Godrej Properties Ltd sells its 2.5% stake in Vagishwari Land Developers Private Limited to Godrej Ventures and Investment Advisers Private Limited for a consideration of Rs. 17.27 crore
- The sale of stake in MEPL contributed 0.40% to the total Profit after Tax and 0.08% to the total Net-worth
- The sale of stake in VLDPL contributed 0.22% to the total Profit after Tax and 0.02% to the total Net-worth