On May 2, the attention will be on shares of Godrej group companies following the family’s decision to divide the 127-year-old conglomerate into two separate branches.
The restructuring entails a reshuffling of the family’s shareholding within the conglomerate, leading to the creation of two distinct entities: Godrej Enterprises and Godrej Industries.
Under the agreement, Adi Godrej and his brother Nadir will continue to lead the listed entities, which will fall under Godrej Industries. Conversely, cousin Jamshyd Godrej will take control of the unlisted companies and the land bank, which will be part of Godrej Enterprises.
The conglomerate comprises five listed entities: Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec LifeSciences. Among these, Godrej Consumer Products holds the largest market capitalization, amounting to Rs 1.26 lakh crore as of April 30.
As part of the restructuring, Adi and Nadir’s family will extend an open offer to the shareholders of Astec Lifesciences.
Moreover, the conglomerate has announced that the Godrej trademark will be jointly owned and shared by both family groups.
In a parallel development, the Godrej family has initiated the formal division of the group, with plans to commence divestments soon.
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