Godrej Properties sells stake in Vivrut Developers

Godrej Properties Limited (GODREJPROP) has announced the sale of its 2.5% stake in Vivrut Developers Private Limited (VDPL) to Godrej Ventures And Investment Advisers Private Limited (GVAIAPL). The transaction, formalized on July 1, 2025, involves the transfer of equity share capital in VDPL to GVAIAPL for a consideration of INR 8.63 crore. GVAIAPL, a promoter group company, specializes in advisory services, real estate management, development and leasing. The stake sale qualifies as a related party transaction, conducted at arm's length with the price determined based on fair valuation. The announcement complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.