GIC Private Limited, acting on behalf of the Government of Singapore, the Monetary Authority of Singapore, and Gamnat Pte Ltd, has reduced its stake in Godrej Properties Limited. Following an open market sale concluded on April 7, 2026, the entity divested 166,984 equity shares. This transaction brings GIC’s total shareholding in the company down to 19,294,080 equity shares, representing 6.406% of the total voting capital.
Details of the Share Divestment
The divestment was executed through a series of transactions in the open market. Specifically, the entities under the GIC umbrella sold shares as follows: 141,462 shares from the Government of Singapore’s holding and 25,522 shares from the Monetary Authority of Singapore. Gamnat Pte Ltd did not participate in this specific round of sales, maintaining its existing position of 7,169,287 shares.
Updated Shareholding Structure
Prior to this sale, the aggregate holding stood at 19,461,064 shares, accounting for 6.461% of the total voting capital of the company. Post-transaction, the updated holding of 19,294,080 shares now reflects a stake of 6.406%. These calculations are based on the latest available total paid-up equity share capital of 301,207,741 shares, as disclosed by the company on March 9, 2026, following the allotment of employee stock options.
Rationale and Compliance
This disclosure follows multiple non-reportable tranches of share sales executed by GIC since their last major filing in July 2019. The cumulative volume of these sales on April 7, 2026, reached the threshold requiring a formal notification regarding the change in shareholding. The sale reflects a strategic adjustment in the investment manager’s portfolio regarding their equity position in the real estate developer.
Source: BSE
