Tuesday, 30 December 2014

Today's Equity Market News by MarketMagnify

India's Godrej Properties gains 5.4.Company buys back shares held by PE investor Sun-ApolloIndia Real Estate Fund.Sun-Apollo invested in company in late 2011 through Madhavi SA Investments and Madhavi Ventures.Godrej also announces launch of a new project in Mumbai suburbs.

This shows company's financial strength as it could provide an exit to the PE investor -analyst.This will also help further fund flows into Godrej's projects - analyst.

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