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Godrej Properties Ltd buys back Red Fort's 49% stake in Kolkata project - Business Standard


Wednesday, 4 Dec 2013 09:30am EST 

Godrej Properties Ltd:Says it has bought back private equity firm Red Fort Capital's 49% stake in a subsidiary that is developing an IT Park in Kolkata, for an undisclosed amount - Business Standard.Says in terms of the agreement with Red Fort India Real Estate Babur for Project Godrej Genesis at Kolkata, the company has given exit to Red Fort by purchasing its 49% stake in the equity share capital of its subsidiary Godrej Developers Pvt Ltd (GDPL).Says Godrej Developers Pvt Ltd has become wholly owned subsidiary of the company with effect from Dec. 4, 2013, but did not disclose the amount it paid to Red Fort for the stake. 

Company Quote

246.9
-2.7 -1.08%
19 Dec 2014