NEW DELHI: On Monday, Pirojsha Adi Godrej acquired nearly 1.8% of the stake in Arvind SmartSpaces, a real estate developer, for ₹40.7 crore from an HDFC Capital affiliate through an open market transaction.
Pirojsha Godrej serves as the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and is a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet.
According to block deal data from the BSE, Pirojsha Godrej purchased 8,17,530 shares, amounting to a 1.78% stake in the Ahmedabad-based company.
The shares were acquired at an average price of ₹498 each, bringing the total transaction value to ₹40.71 crore. HDFC Capital’s affiliate, HDFC Capital Affordable Real Estate Fund-1, sold the same number of shares at the same price.
Meanwhile, Arvind SmartSpaces’ share price dropped 1.02% to close at ₹500.90 on the BSE.
