New Delhi, March 9 Pirojsha Adi Godrej bought nearly 1.8 per cent stake in real estate developer Arvind SmartSpaces for Rs 40.7 crore from an affiliate of HDFC Capital through a private transaction.
Pirojsha Godrej is the Executive Chairperson of Godrej Properties, Godrej Housing Finance, and a Non-Executive Director at Godrej Consumer Products and Godrej Agrovet.
According to block deal data available on the BSE, Pirojsha Adi Godrej purchased 8,17,530 shares representing a 1.78 per cent stake in Ahmedabad-based Arvind SmartSpaces.
The shares were acquired at an average price of Rs 498 apiece, bringing the transaction value to Rs 40.71 crore.
Meanwhile, HDFC Capital's affiliate, HDFC Capital Affordable Real Estate Fund-1, sold an equal number of shares at the same price.
Shares of Arvind SmartSpaces fell by 1.02 per cent to close at Rs 500.90 per share on the BSE.