Godrej Properties Lt - Updates 24/06/2014

Godrej Properties Lt - Updates
24/06/2014 17:04
With reference to the earlier announcement about creation of the Residential Co-Investment Platform with the Dutch pension services provider APG led Global Investor Consortium, Godrej Properties Ltd has now informed BSE that the Company along with its subsidiary Wonder City Buildcon Private Limited (WCBPL) has entered into an agreement with Shubh Properties Cooperatief U.A, and others, to transfer 74.9% of the equity share capital held by the Company in WCBPL for its project at Sector 79, Gurgaon.

Pursuant to the above, WCBPL has ceased to be the Subsidiary of the Company post transfer of equity shares by the Company