Godrej Properties (GPL), Godrej Projects Development (GPDL) and Godrej Ventures and Investment Advisers Private Limited (GVAIAPL) executed Share Purchase Agreement on June 25, 2025.
GPL sold 2.5% stake in Madhuvan Enterprises Private Limited (MEPL) to GVAIAPL for ₹3.25 crore.
GPDL sold 2.5% stake in Munjal Hospitality Private Limited (MHPL) to GVAIAPL for ₹33.44 crore.
GPDL sold 2.5% stake in Vagishwari Land Developers Private Limited (VLDPL) to GVAIAPL for ₹17.27 crore.
GVAIAPL is engaged in providing business of advisory services, managing, developing, and leasing real estate projects and belongs to Promoter Group of the Company.
The sales are related party transactions and are done at arm's length, with the sale price determined based on fair valuation.
The expected date of completion of sale/disposal is June 26, 2025.