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Godrej holding company hikes stake in Godrej Properties, Agrovet

With the stake buy in Godrej Properties, Godrej Industries' stake in the company will rise to 47.29 per cent.

Godrej Properties
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Move aimed at simplifying the holding structure in the group

Raghavendra Kamath Mumbai
In a move to increase stake in the group’s listed companies, Godrej Industries on Tuesday bought 2.53 per cent in Godrej Properties, the realty arm, from six Godrej family trusts for Rs 997.2 crore. 

With the stake buy in Godrej Properties, Godrej Industries’ stake in the company will rise to 47.29 per cent. Godrej Industries also bought 1.63 per cent stake in Godrej Agrovet for Rs 194.3 crore, according to bulk deal data published by exchanges. Godrej Industries’ stake in Godrej Agrovet will go up to 61.53 per cent. The family trusts bought 4.5 per cent in Godrej Industries  for Rs

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First Published: Jun 30 2021 | 12:10 AM IST

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