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GHCL is primarily engaged in the business of construction, development and sale of residential project in India, having its registered office in Mumbai.its turnover for financial year 2022-23 was Rs 5.06 crore.
The company has subscribed 2,21,54,587 Equity Shares of Rs 10 each, representing 26% paid-up equity share capital of GHCL are acquired from existing shareholder. Post-acquisition, GHCL has become a wholly owned subsidiary of the company.
Godrej Properties is the real estate arm of the Godrej Group. It is subsidiary of Godrej Industries, which holds 58.48% of the company's equity shares as on 31 March 2023. The company currently operates in various cities and focuses on residential, commercial, and township development.
Godrej Properties reported 58% rise in consolidated net profit to Rs 412.14 crore on 23.72% increase revenue from operations to Rs 1,646.27 crore in Q4 FY23 over Q4 FY22.
The counter rose 1.85% to settle at Rs 1,428.95 on Firday, 3 June 2023.
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