Godrej Group Split: The Godrej family, known for their diverse range of businesses, is splitting their business in an exceptionally amicable manner, showcasing trust among themselves. From innovative locks to vegetable oil soaps, the brand has a rich heritage rooted in innovation and trust. Their journey from locks to satellites mirrors India s progress.
Splitting into Godrej Enterprises and Godrej Industries brings clarity, with no major immediate stock impact. Analysts await Vikhroli land development by Godrej and Boyce, potentially positive for stock.
Lawyers give a thumbs-up to the amicable arrangement at one of India's oldest business houses. Settlement agreement done keeping in mind the interest of future generations
According to a stock exchange filing, the cousins, Jamshyd and Smita, will receive the unlisted Godrej & Boyce Mfg. Co., along with its affiliates and a huge land bank.
With easy financing, credit-based consumer sales double financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Easy financing drives consumer durable sales financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
The two factions of the Godrej family - Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna - are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials familiar with the matter.
The two factions of the Godrej family - Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna - are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials familiar with the matter.
The conglomerate, known for its diverse products such as door locks, soaps, and space rockets, has a long history of innovation and success. The split is aimed at resolving differences and ensuring the best value for shareholders. It involves important specifics such as the usage of the Godrej brand name and land valuations.