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The 127-year-old Godrej family’s conglomerate is now ending. The Godrej family has finalized the agreement to peacefully divide the old company. From soaps and home appliances to real estate, Godrej Industries produces almost everything for its customers.
News Alert ! Godrej family reaches an agreement to split the 127-year-old conglomerate into two branches. pic.twitter.com/j3F8nIUYWA
— Press Trust of India (@PTI_News) April 30, 2024
How Will the Business’s Ownership Be Divided?
There are five listed companies: Godrej Consumer Products, Godrej Properties, Godrej Industries, Godrej Agrovet, and Astec Life Sciences. All the ownership rights reserved to these companies will remain with Adi Godrej and his brother, Nadir Godrej.
At the same time, the unlisted business, Godrej & Boyce, will be owned by Adi Godrej’s cousins, Jamshyd and Smita. They will each receive a sizable piece of land, valuable property in Mumbai, and businesses connected to Godrej & Boyce.
We’ll Maintain the Godrej Legacy- Godrej Brothers
The Godrej family has defined splitting up as a reorganization of the ownership rights of shareholders in Godrej firms. The announcement stated that both parties will keep using the Godrej brand. Despite their differences, both sides are dedicated to strengthening and advancing their shared history.
