Godrej Industries sells Godrej Properties stock worth Rs 75 crore

Godrej Industries sold over 30.20 lakh shares of Godrej Properties for Rs 75 crore in a block deal on Wednesday.

Godrej Industries sold 30,20,000 shares of Godrej Properties at Rs 248.5, a transaction worth Rs 75 crore, block deal data at the Bombay Stock Exchange (BSE) showed.

The buyers of the shares were promoters of Godrej Properties - Godrej Investments and Godrej Boyce Manufacturing - which acquired these shares at Rs 248.5.

Shares of Godrej Properties ended 0.60 per cent lower at Rs 247, while Godrej Industries stock gained 3.41 per cent to Rs 274.30 at the BSE.

Godrej Industries holds 60.17 per cent stake in Godrej Properties.

Godrej Investments has 1.58 per cent stake in the company and Boyce MFG Co holds 2.47 per cent stake, as per the company's September quarter shareholding pattern.