Mumbai: Godrej Properties Ltd (GPL) on Friday said it has bought Mumbai's iconic R.K. Studios, founded by legendary film actor Raj Kapoor, for an undisclosed amount. R.K. Studios was the headquarters of Raj Kapoor’s film production company R.K. This fits well with our strategy of deepening our presence in key locations across India's leading cities," said Pirojsha Godrej, executive chairman, Godrej Properties, in the filing. "We are excited to have chosen Godrej Properties to script a new chapter for this location and build upon its rich history," Kapoor said. Shares of Godrej Properties traded at ₹832 per share, up 1.37% from previous close, while Sensex was at 39,067.09 points, up 0.24%.

Source: Mint May 03, 2019 04:53 UTC