Godrej Properties Limited has informed the Exchange about Sale or disposal
GODREJPROP · price
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Godrej Properties Limited (GPL) has sold its 2.5% stake in Vivrut Developers Private Limited (VDPL) to Godrej Ventures And Investment Advisers Private Limited (GVAIAPL) through a Share Purchase Agreement dated July 1, 2025. The transaction was completed the same day at a consideration of Rs. 8.63 crore. VDPL is financially insignificant to GPL, contributing just Rs. 0.16 crore loss after tax (0.01% of total PAT) and Rs. 0.17 crore in net worth (0.00% of consolidated net worth). The buyer, GVAIAPL, belongs to the promoter group of GPL, making this a related party transaction, though it was conducted at arm's length based on fair valuation.
This is a minor intra-group restructuring with negligible financial impact on GPL's overall business or consolidated financials. Shareholders are unlikely to see any meaningful effect on the stock price or company value, as the disposed entity contributes virtually nothing to GPL's profits or net worth.