On Monday, Pirojsha Adi Godrej acquired approximately 1.8 percent of the stake in the real estate firm Arvind SmartSpaces for Rs 40.7 crore, purchasing it from an affiliate of HDFC Capital via an open market transaction.
Pirojsha Godrej serves as the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and holds the position of Non-Executive Director at Godrej Consumer Products and Godrej Agrovet. As per the block deal data released by the BSE, Pirojsha Adi Godrej bought 8,17,530 shares, which equates to a 1.78 percent stake in the Ahmedabad-based Arvind SmartSpaces.
The shares were obtained at an average price of Rs 498 each, resulting in a total transaction value of Rs 40.71 crore. In the meantime, HDFC Capital’s affiliate, HDFC Capital Affordable Real Estate Fund-1, divested the same number of shares at the identical price. The shares of Arvind SmartSpaces experienced a decline of 1.02 percent, closing at Rs 500.90 per share on the BSE.
