New Delhi, Sept. 11 -- Godrej Properties share price came under sharp pressure in Friday's trading session, September 11, with the stock falling over 7% as investors reacted to developments surrounding a dispute involving the company's Godrej Air Project in Gurugram.

The company has clarified details of the settlement and disclosed an estimated financial impact of approximately Rs.70 crore.

The stock fell as much as 7.2% to its day's low of Rs.1,734.65 per share on BSE.

The development relates to a dispute between Godrej Properties and Orris Infrastructure Private Limited concerning the Godrej Air Project.

According to the company's exchange filing dated September 10, the matter was settled through a Settlement Agreement signed on Aug...