+
Godrej Properties increases its stake in WonderCity Buildcon
ECONOMY & POLICY

Godrej Properties increases its stake in WonderCity Buildcon

According to a BSE filing by the business, Godrei Properties has upped its equity shareholding in Wonder City Buildcon (WCBL) from 74% to 100%.

With effect from May 26, 2023, WCBL has become a wholly-owned subsidiary of the corporation as a result of the acquisition.

A 26% paid-up equity share capital of WCBL, or 2,90,21,528 equity shares of Rs 10 apiece, is bought from an existing shareholder, according to the regulatory filing. The acquisition price, also known as the cost of the shares, is 4.513 million.

According to the company's regulatory filing, WCBL's turnover for the fiscal year 2022–23 is 260.7 million and its paid-up share capital is 1116.2 million.

According to a BSE filing by the business, Godrei Properties has upped its equity shareholding in Wonder City Buildcon (WCBL) from 74% to 100%. With effect from May 26, 2023, WCBL has become a wholly-owned subsidiary of the corporation as a result of the acquisition. A 26% paid-up equity share capital of WCBL, or 2,90,21,528 equity shares of Rs 10 apiece, is bought from an existing shareholder, according to the regulatory filing. The acquisition price, also known as the cost of the shares, is 4.513 million. According to the company's regulatory filing, WCBL's turnover for the fiscal year 2022–23 is 260.7 million and its paid-up share capital is 1116.2 million.

Next Story
Products

Sleek Kitchen Solutions

Häfele has launched the Profin range of aluminium profiles for open, modern kitchens. The collection includes Gola Profiles, Stack Modular Shelving, Rail Door Profiles, and Strike Shelving System—all designed for seamless integration and contemporary appeal. Available in five finishes—Silver, Graphite, Gold, Rose Gold, and Dark Bronze—the profiles offer both subtle elegance and striking contrast.Contact: HäfeleWebsite: www.hafeleindia.com/en/ ..

Next Story
Technology

DEV IT Wins Rs 40.4 Mn tech deal with Alivus Lifesciences

Dev Information Technology, a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has secured significant orders worth approximately Rs 40.4 million from Alivus Lifesciences. The wins reflect DEVIT’s growing presence in the enterprise technology space and its ability to deliver value-driven IT solutions.The engagement includes a significant order of Rs 30.60 million for Microsoft Select Plus perpetual licenses. While the licenses will be billed directly by the Licensing So..

Next Story
Infrastructure Energy

CRISIL Rates ACME Raisar Solar's Rs 8.80 Bn Loan 'AA-/Stable'

CRISIL Ratings has assigned 'CRISIL AA-/Stable’ rating to long-term bank facilities of ACME Raisar Solar Energy, wholly owned subsidiary of ACME Solar Holdings. This rating is assigned to 300 MW (AC) capacity located in Fategarh, Rajasthan for its Rs 8.90 billion term loan facility from REC.CRISIL cited robust revenue visibility, strong financial metrics & debt servicing capability, and a secure cash flow mechanism as key strengths underpinning AA-/Stable rating, one of the highest ratings accorded by the rating agencies. The rating reflects ARSEPL's strong operational profile supported by a..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?