Board Of Godrej Properties Approves Entire Stake Sale In Its Subsidiary

The board of the Godrej Properties has approved the sale of its entire stake in Godrej Investment Advisers Private Limited subject to requisite approvals. The stock witnessed high volumes at around 1110 hours on Friday.

As of 1224 hours on Friday, the stock attracted traded volume of 10,96,751 shares and traded value of Rs 59.35 Cr. On BSE, the stock touched intraday high of Rs 551.9 per share up by 3.8%.

The Company is engaged in construction and real estate development. The Company focuses on developing residential, commercial and township projects spread across approximately 11.89 million square meters in over 10 cities.

As per the national business daily, the company has recently tied up with the Taj group to build up a lavish hotel project in Mumbai.

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