01-07-2025
Godrej Properties sells 2.5% stake in Vivrut Developers for Rs 8.63 crore in related party transaction
By Aditya Bhagchandani Published on July 1, 2025, 17:23 IST
Godrej Properties Limited (GPL) has announced the sale of its 2.5% stake in Vivrut Developers Private Limited (VDPL) to Godrej Ventures and Investment Advisers Private Limited (GVAIAPL), a promoter group entity. The transaction was executed on July 1, 2025, with a total consideration of Rs 8.63 crore.
According to the company's filing with stock exchanges, this sale is a related party transaction but was executed at arm's length, with the sale price determined through a fair valuation process.
During the last financial year, VDPL contributed a net loss of Rs 0.16 crore, accounting for just 0.01% of Godrej Properties' total profit after tax. The net worth contribution from VDPL stood at Rs 0.17 crore, which represents 0.00% of GPL's total net worth.
GVAIAPL, the buyer, is engaged in advisory services and managing, developing, and leasing real estate projects. The transaction does not fall under any scheme of arrangement and is outside the purview of Regulation 37A of SEBI's LODR Regulations.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
