 "Godrej Properties")
Real estate firm Godrej Properties has decided to cancel its plans to invest Rs 700 crore in DB Realty to acquire 10 per cent stake and set up a joint platform amid concerns raised by minority shareholders and other stakeholders.
On Thursday, Godrej Properties had announced that it would invest Rs 400 crore to acquire around 10 per cent stake in DB Realty and another Rs 300 crore to set up a joint platform for undertaking slum redevelopment project.
When asked whether the investment deal with DB Realty has been cancelled, Godrej Properties Ltd Executive Chairman Pirojsha Godrej replied in affirmative.
"We've decided
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