Godrej Properties Acquires Entire Stake In Wonder Space Properties
2019-05-02 Merger and Acquisitions Construction Western India
Godrej Properties Limited was already holding 25.1% stake in Wonder Space Properties Private Limited (WSPPL) and thus WSPPL was an associate of the Company. Pursuant to Share Purchase Agreement executed with, inter alia, WSPPL, Shubh Properties Cooperatief U.A, who was holding 72% shareholding in WSPPL, sold the Equity Stake in WSPPL to the Company and accordingly WSPPL became a Subsidiary of the Company.