Godrej, HDFC in share transfer deal

Written by Reuters | Mumbai | Updated: Mar 31 2010, 23:29pm hrs
Godrej Properties Ltd said on Wednesday it has entered into agreements to transfer 49 percent equity share in unit Godrej Sea View Properties Pvt Ltd to HDFC PMS for 550 million rupees.

In the first tranche, the company has transferred 22.27 percent of equity shareS to HDFC PMS for 250 milliion rupees. The second tranche for transfer of 26.73 percent will take place subsequently, it said in a statement.