Tag: DB Realty

Godrej Properties announces investment in DB Realty

The Board of Godrej Properties Ltd. (GPL) announced it has approved a potential investment in DB Realty Limited (DBR) and also the setting up of a special purpose vehicle along with DBR to jointly undertake slum rehabilitation and MHADA redevelopment projects. GPL will subscribe to warrants convertible into Equity Shares aggregating to approximately 10% of…