Godrej Properties Boosts Liquidity with Sale of 2.5% Stakes in Two Projects

Image Source: Business Upturn

Godrej Properties Ltd has announced the sale of small equity stakes in two of its group companies, raising a total of ₹366.9 million. These transactions are part of the company’s ongoing efforts to optimize its portfolio and unlock value from its investments.

Key Highlights:

Godrej Properties’ subsidiary, Godrej Projects Development Limited (GPDL), sold a 2.5% stake in Mahalunge Hills Private Limited (MHPL) for ₹334.4 million.

The company also sold a 2.5% stake in Mandhana Enterprises Private Limited (MEPL) for ₹32.5 million.

Both MHPL and MEPL are special purpose vehicles (SPVs) involved in real estate development projects under the Godrej Properties umbrella.

These sales are expected to have a positive impact on Godrej Properties’ cash flows and provide additional liquidity for ongoing and future projects.

The transactions align with Godrej Properties’ strategy of selectively monetizing non-core or minority interests to strengthen its balance sheet and focus on larger, high-potential developments.

The company continues to maintain controlling interests in both MHPL and MEPL after the sale, ensuring ongoing influence over project execution and management.

These moves reflect Godrej Properties’ disciplined approach to capital allocation and its commitment to maximizing returns for shareholders.

Source: Godrej Properties Ltd