Godrej Properties sells 5% stake in Godrej Green Homes for Rs 46.70 crore, ET RealEstate

June 5, 2024
1 min read
Godrej Properties sells 5% stake in Godrej Green Homes for Rs 46.70 crore, ET RealEstate


110741226

NEW DELHI: Godrej Properties sells five per cent stake held by it in equity share capital of Godrej Green Homes (GGHPL) to Godrej Fund Management and Investment Advisors (GFMIAPL) at a consideration of Rs 46.70 crore.

GFMIAPL is engaged in providing business of advisory services, managing, developing, and leasing real estate projects.

The company reported a growth of 5.32 per cent in its net consolidated profit during the quarter ended March 31, 2024. Its profit after tax stood at Rs 478.01 crore in Q4 FY24 as against Rs 453.87 crore it registered in the corresponding quarter of the previous fiscal.

Its net total consolidated income stood at Rs 1,914.82 crore in Q4 FY24, a growth of 4.13 per cent from Rs 1,838.82 crore it recorded in the similar quarter last year.

  • Published On Jun 5, 2024 at 07:00 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETRealty App

  • Get Realtime updates
  • Save your favourite articles


Scan to download App
realty barcode



Source link

curationteam

Curation Team will curate content from different sources and present for you. We will not edit any content. Source link is provided for the source from where its received .

Leave a Reply

Your email address will not be published.

Architectural Digest logo
Previous Story

How One Iconic Lounge Chair Has Adapted With the Times

Clever logo
Next Story

This 590-Square-Foot Apartment in Poland Is a Midnight Blue Dream

Latest from Blog