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Rishad Kaikhushru Naoroji has shares in entities like Godrej Agrovet, Godrej Consumer, Godrej Properties, and Godrej Industries, valued at nearly Rs 7,000 crore.
Historically, after the split of any group company, the valuations of holding companies have typically increased.An important aspect of the split in the Godrej group companies is a large land parcel at Vikhroli.Investors should also keep an eye on the resultant open offers in Astec Lifesciences and Godrej Capital
Rishad's net worth is estimated at around $3.8 billion. The son of Kaikhushru and Dosabai, Rishad, is an avid conservationist who has founded the Raptor Research and Conservation Foundation that focus on Asian birds of prey.
The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, a statement by the group said.
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.