Godrej Properties Merger & Restructuring
NCLT approved a selective capital reduction of subsidiary GRMPL, effectively increasing Godrej Properties' indirect stake from 51% to 96.81% without cash consideration.
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NCLT approved a selective capital reduction of subsidiary GRMPL, effectively increasing Godrej Properties' indirect stake from 51% to 96.81% without cash consideration.
Godrej Properties Ltd has approved the amalgamation of its indirect subsidiary, Godrej Housing Projects Private Limited, into the parent company. The transaction involves no cash consideration.
Godrej Properties received NCLT approval for the merger of its wholly owned subsidiary, Embellish Houses Private Limited. The scheme aims to streamline group structure and operational efficiency.
Godrej Properties acquired a 47-acre land parcel in South Chennai. The project has an estimated revenue potential of INR 500 crore.