Announced Tue, 25 Aug, 2026 · 18:56 IST
NCLT okays GRMPL capital cut; GPDL stake rises to 96.81 percent
GODREJPROP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.3%1-day move
₹2036.50
prior close
₹2055.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.3+1.0+0.6+1.3-0.1-1.1-3.3-4.2-2.7-17.5-18.0——
Up moveDown movePending
AI summary
NCLT Mumbai approved selective reduction of equity share capital in Godrej Properties step-down subsidiary GRMPL, cancelling the 47.32 percent stake held by Shubh Properties Cooperatief U.A. without consideration. As a result, GPDL's holding in GRMPL rises from 51 percent to 96.81 percent. GRMPL is engaged in real estate redevelopment in India and had nil turnover in FY26. The NCLT order dated Aug 25, 2026 awaits filing with the RoC to take effect.
Likely market impact
Consolidates step-down subsidiary ownership to 96.81 percent at no cost; minimal financial impact as GRMPL turnover is nil.