Godrej Family Settlement Agreement: New Chapter for Conglomerate
The 127-year-old Godrej conglomerate has completed the realignment of shareholdings in its entities following a family settlement agreement that divided the group into two.
Godrej ConglomerateFamily Settlement AgreementShareholdings RealignmentGodrej Industries GroupGodrej Enterprises GroupReal Estate MumbaiJul 19, 2024
Under the FSA, the promoter family members of Godrej Industries Group, including Nadir Godrej and the children of his brother Adi Godrej, have taken control of flagship firm Godrej Industries Ltd (GIL) with a 64.66 per cent stake. This realignment was achieved through the transfer of 20.84 per cent shares of GIL from transferors, including Jamshyd Godrej, his children Raika Godrej and Navroze Godrej, along with Smita Godrej Crishna and her daughter Nyrika Holkar.
Similarly, Nadir Godrej, his children, and other promoter group members have taken control of 53.05 per cent of the voting rights of Godrej Consumer Products Ltd (GCPL). The realignment of shareholdings in Godrej Agrovet Ltd, Godrej Properties Ltd, and Astec LifeSciences Ltd has also been completed.
The Godrej Industries Group comprises listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, and Astec Lifesciences Ltd. On the other hand, Godrej Enterprises Group has Godrej & Boyce Manufacturing Co. as its flagship firm with a presence in many sectors like aerospace, aviation, defence, energy, construction, IT, and software.
The family settlement agreement has resulted in Adi and Nadir Godrej retaining control of Godrej Industries, which has five listed firms, while cousins Jamshyd and Smita got unlisted Godrej & Boyce and its affiliates, as well as a land bank, including prime property in Mumbai.
Information
Godrej Industries Group (GIG) is a leading Indian conglomerate with a presence in various sectors, including consumer goods, real estate, and agriculture. The group has a long history dating back to 1897 and has been led by the Godrej family for over a century.
Godrej Enterprises Group (GEG) is another leading Indian conglomerate with a presence in various sectors, including aerospace, aviation, defence, energy, construction, IT, and software. The group has a long history dating back to 1897 and has been led by the Godrej family for over a century.
Godrej Industries Ltd (GIL) is a leading Indian conglomerate with a presence in various sectors, including consumer goods, real estate, and agriculture. Godrej Consumer Products Ltd (GCPL) is a leading Indian fast-moving consumer goods (FMCG) company. Godrej Properties Ltd is a leading Indian real estate developer. Godrej Agrovet Ltd is a leading Indian agri-business company. Astec Lifesciences Ltd is a leading Indian life sciences company.
Frequently Asked Questions
What is the Godrej Family Settlement Agreement?
The Godrej Family Settlement Agreement is an agreement reached by the Godrej family members to divide the 127-year-old conglomerate into two groups: Godrej Industries Group and Godrej Enterprises Group.
What is the composition of Godrej Industries Group?
Godrej Industries Group comprises listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, and Astec Lifesciences Ltd.
What is the composition of Godrej Enterprises Group?
Godrej Enterprises Group has Godrej & Boyce Manufacturing Co. as its flagship firm with a presence in many sectors like aerospace, aviation, defence, energy, construction, IT, and software.
What is the outcome of the shareholdings realignment in Godrej Industries Ltd?
The promoter family members of Godrej Industries Group have taken control of flagship firm Godrej Industries Ltd with a 64.66 per cent stake.
What is the significance of the Godrej Family Settlement Agreement?
The Godrej Family Settlement Agreement marks a new chapter for the 127-year-old conglomerate, paving the way for a more focused and efficient operation of the group's entities.
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