On 12 November 2014
Godrej Properties announced that the Board of Directors of the Company by a Circular Resolution dated 12 November 2014, has approved the following proposals:- Godrej Projects Development (GPDPL), a wholly owned subsidiary of the Company will acquire 49.90% of the paid-up share capital of Godrej Buildwell (GBPL), a subsidiary of the Company, from India Realty Excellence Fund through its Investment Manager Motilal Oswal Private Equity Advisors (the Investor).
- Upon acquisition of shares by GPDPL from the Investor, GBPL would be merged with GPDPL through a Scheme of Arrangement, subject to such terms as may be approved and necessary approvals as may be required.
Powered by Capital Market - Live News
