June 24 (Reuters) - Godrej Properties Ltd GODR.NS :

* Godrej properties -co and unit has entered into an agreement to transfer

74.9% of equity share capital held by company in wcbpl

* Source text:

With reference to the earlier announcement about creation of the Residential Co-Investment Platform with the Dutch pension services provider APG led Global Investor Consortium, Godrej Properties Ltd has now informed BSE that the Company along with its subsidiary Wonder City Buildcon Private Limited (WCBPL) has entered into an agreement with Shubh Properties Cooperatief U.A, and others, to transfer 74.9% of the equity share capital held by the Company in WCBPL for its project at Sector 79, Gurgaon.

Pursuant to the above, WCBPL has ceased to be the Subsidiary of the Company post transfer of equity shares by the Company.

* Further company coverage GODR.NS ((Bangalore Newsroom; +91 80 6749 1130))