Corporate Grapevine     

Published: April 30, 2024
Updated: April 30, 2024

Hinduja in great hurry on Rel Cap debut

The Godrej family settlement has made every family member happy. The win-win deal will see Adi Godrej and his children and Nadir Godrej retaining control over all 5 Godrej listed companies, while Jamshyd Godrej and his sister will get the land bank housed under Godrej and Boyce.

The succession of the group was also made clear, with Pirojsha Godrej expected to take over as chairman of the former Godrej Industries Group and Nyrika Godrej becoming head of Godrej Enterprises.

A good lesson for other business families who fight till the bitter end for their share of their businesses’ pie.

The announcement of the cordial division of business empire garnered positive investor sentiment, leading to a surge in stock prices across Godrej Group companies. Lifesciences witnessed a notable uptick of 9%, followed by strong gains in Godrej Agrovet, Godrej Consumer Products, and Godrej Industries