Godrej Properties Limited has informed the Exchange that with reference to the earlier announcement dated October 04, 2010, regarding India Realty Excellence Fund and others acting through its investment manager, Motilal Oswal Private Equity Advisors Private Limited (Investor) have entered into agreements with the Company and Godrej Buildwell Private Limited (GBPL) to purchase up to 49.9% of the equity share capital of GBPL held by the Company in two tranches, the first tranche being 49% of the equity share capital of GBPL for a consideration of Rs. 45 Crores (Rupees Forty Five Crores only) and second tranche would be exercised at the discretion of the Company for a consideration of Rs. 5 Crore (Rupees Five Crores only). The Company has now informed the Exchange that the Company has now executed the supplementary/amendment agreements for transfer of second tranche being 0.9% of Class A Equity Share Capital of GBPL for a consideration of Rupees five Crores.