Godrej Properties sells stakes in subsidiaries to GVAIAPL

Godrej Properties Limited (GODREJPROP) announced on June 25, 2025, that it has executed a Share Purchase Agreement involving the sale of stakes in three entities to Godrej Ventures and Investment Advisers Private Limited (GVAIAPL). Specifically, Godrej Properties (GPL) sold its 2.5% stake in Madhuvan Enterprises Private Limited (MEPL) to GVAIAPL for INR 3.25 crore. Godrej Projects Development Limited (GPDL) also sold its 2.5% stake in Munjal Hospitality Private Limited (MHPL) to GVAIAPL for INR 33.44 crore. Furthermore, GPDL divested its 2.5% stake in Vagishwari Land Developers Private Limited (VLDPL) to GVAIAPL for INR 17.27 crore. The transactions, deemed related party transactions, were conducted at arm's length, with pricing based on fair valuation. These transactions are in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.