Godrej Industries announced that consequent to the approval of the RBI, Pyxis Holdings (Pyxis), a subsidiary of the Company, has acquired 95% stake of Godrej Housing Finance (GHFL) from Anamudi Real Estates LLP (Anamudi).
Further, Pyxis has acquired 100% stake of Ensemble Holdings and Finance (EHFL) from the Company. Accordingly, EHFL has ceased to be a direct wholly owned subsidiary of the Company and has become a step-down subsidiary of the Company with Pyxis being the immediate holding company for EHFL. The Company holds ~ 85% stake in Pyxis.
Pursuant to the aforesaid transaction, the Company holds 95% of the total shares of GHFL and 100% of the total shares of EHFL through Pyxis.
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