Rishad Naoroji sells stake in Godrej Agrovet and Properties

RKN Enterprises, owned by Rishad Naoroji, divested significant stakes in Godrej Properties and Godrej Agrovet, totaling ₹1,654 crore, with notable purchases by Freyan Crishna Bieri and other prominent individuals.

By ET Bureau | Updated: Jul 12, 2024, 07.30 AM IST

Rishad Naoroji-owned RKN Enterprises has sold a 1.43% stake in Godrej Properties and a 2.16% stake in Godrej Agrovet through open market transactions on Thursday. According to NSE block deals data, RKN Enterprises sold 39.86 lakh shares of Godrej Properties for ₹1,321 crore and 41.46 lakh shares of Godrej Agrovet for ₹333 crore. Freyan Crishna Bieri, Jamshyd Naoroji Godrej, Navroze Jamshyd Godrej, Nyrika Holkar, and Smita Godrej Crishna were the buyers in both companies.

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