Pyxis buys majority stake in Godrej Housing FInance at Rs 405.9 cr
Real Estate

Pyxis buys majority stake in Godrej Housing FInance at Rs 405.9 cr

Pyxis Holdings, a subsidiary of Godrej Industries Limited(GIL), has bought a majority stake in Godrej Housing Finance Limited (GHFL) and Ensemble Holdings and Finance Limited (EHFL), according to the company.

The move will benefit the Godrej group, according to a regulatory filing by Godrej Industries Limited (GIL), which is looking to expand and diversify its business activities, including the Housing Finance Business.

As per the statement, the total consideration paid for GHFL is Rs 405.9 crore.

In a transaction involving related parties, EHFL shares were transferred to Pyxis Holdings for Rs 5.73 crore.

As a result, EHFL is no longer a direct wholly-owned subsidiary of the company, but rather a step-down subsidiary, with Pyxis serving as an immediate holding company for EHFL.

Pyxis is owned by GIL to the tune of 85%.

It also stated that it has significant interests in agriculture, consumer goods, chemicals, financial services and real estate through its subsidiaries and associate companies.

According to the filing, the company believes that the housing finance and non-banking finance business in India has a strong potential for a good return on investment. The housing finance industry in the country has been steadily expanding, the report said.

It added that entering the financial services space would diversify the business and result in overall value creation for the stakeholders in the future.

The Reserve Bank of India (RBI) approved the change in control of EHFL and GHFL via letters dated June 2 and July 20, respectively, according to the company.

Pyxis Holdings, a subsidiary of the company, bought a 95% stake in GHFL from Anamudi Real Estates LLP after the RBI approved the deal.

Furthermore, Pyxis has purchased the entire stock of EHFL from the company.

Image Source

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Pyxis Holdings, a subsidiary of Godrej Industries Limited(GIL), has bought a majority stake in Godrej Housing Finance Limited (GHFL) and Ensemble Holdings and Finance Limited (EHFL), according to the company. The move will benefit the Godrej group, according to a regulatory filing by Godrej Industries Limited (GIL), which is looking to expand and diversify its business activities, including the Housing Finance Business. As per the statement, the total consideration paid for GHFL is Rs 405.9 crore. In a transaction involving related parties, EHFL shares were transferred to Pyxis Holdings for Rs 5.73 crore. As a result, EHFL is no longer a direct wholly-owned subsidiary of the company, but rather a step-down subsidiary, with Pyxis serving as an immediate holding company for EHFL. Pyxis is owned by GIL to the tune of 85%. It also stated that it has significant interests in agriculture, consumer goods, chemicals, financial services and real estate through its subsidiaries and associate companies. According to the filing, the company believes that the housing finance and non-banking finance business in India has a strong potential for a good return on investment. The housing finance industry in the country has been steadily expanding, the report said. It added that entering the financial services space would diversify the business and result in overall value creation for the stakeholders in the future. The Reserve Bank of India (RBI) approved the change in control of EHFL and GHFL via letters dated June 2 and July 20, respectively, according to the company. Pyxis Holdings, a subsidiary of the company, bought a 95% stake in GHFL from Anamudi Real Estates LLP after the RBI approved the deal. Furthermore, Pyxis has purchased the entire stock of EHFL from the company. Image Source

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000