Pyxis buys majority stake in Godrej Housing FInance at Rs 405.9 cr

25 Aug 2021 CW Team

The move will benefit the Godrej group, according to a regulatory filing by Godrej Industries Limited (GIL), which is looking to expand and diversify its business activities, including the Housing Finance Business.

As per the statement, the total consideration paid for GHFL is Rs 405.9 crore.

In a transaction involving related parties, EHFL shares were transferred to Pyxis Holdings for Rs 5.73 crore.

As a result, EHFL is no longer a direct wholly-owned subsidiary of the company, but rather a step-down subsidiary, with Pyxis serving as an immediate holding company for EHFL.

Pyxis is owned by GIL to the tune of 85%.

It also stated that it has significant interests in agriculture, consumer goods, chemicals, financial services and real estate through its subsidiaries and associate companies.

According to the filing, the company believes that the housing finance and non-banking finance business in India has a strong potential for a good return on investment. The housing finance industry in the country has been steadily expanding, the report said.

It added that entering the financial services space would diversify the business and result in overall value creation for the stakeholders in the future.

The Reserve Bank of India (RBI) approved the change in control of EHFL and GHFL via letters dated June 2 and July 20, respectively, according to the company.

Pyxis Holdings, a subsidiary of the company, bought a 95% stake in GHFL from Anamudi Real Estates LLP after the RBI approved the deal.

Furthermore, Pyxis has purchased the entire stock of EHFL from the company.

Image Source

Pyxis Holdings, a subsidiary of Godrej Industries Limited(GIL), has bought a majority stake in Godrej Housing Finance Limited (GHFL) and Ensemble Holdings and Finance Limited (EHFL), according to the company. The move will benefit the Godrej group, according to a regulatory filing by Godrej Industries Limited (GIL), which is looking to expand and diversify its business activities, including the Housing Finance Business. As per the statement, the total consideration paid for GHFL is Rs 405.9 crore. In a transaction involving related parties, EHFL shares were transferred to Pyxis Holdings for Rs 5.73 crore. As a result, EHFL is no longer a direct wholly-owned subsidiary of the company, but rather a step-down subsidiary, with Pyxis serving as an immediate holding company for EHFL. Pyxis is owned by GIL to the tune of 85%. It also stated that it has significant interests in agriculture, consumer goods, chemicals, financial services and real estate through its subsidiaries and associate companies. According to the filing, the company believes that the housing finance and non-banking finance business in India has a strong potential for a good return on investment. The housing finance industry in the country has been steadily expanding, the report said. It added that entering the financial services space would diversify the business and result in overall value creation for the stakeholders in the future. The Reserve Bank of India (RBI) approved the change in control of EHFL and GHFL via letters dated June 2 and July 20, respectively, according to the company. Pyxis Holdings, a subsidiary of the company, bought a 95% stake in GHFL from Anamudi Real Estates LLP after the RBI approved the deal. Furthermore, Pyxis has purchased the entire stock of EHFL from the company. Image Source

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Real Estate

17 Sep 2025

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Infrastructure Transport

17 Sep 2025

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..