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Godrej family amicably splits 127-year-old conglom

Godrej family amicably splits 127-year-old conglomerate into two groups Adi Godrej family gets control of listed entities while cousin Jamshyd to own Godrej & Boyce and land bank The multi-billion dollar Godrej family has decided to amicably split the Godrej Group, which spans from real estate to consumer products, into two groups by untangling the cross-holdings held by the family members across group companies with a division of businesses and assets between the patriarch Adi Godrej and his cousin Jamshyd Godrej. Statements sent by the group’s listed companies to exchanges late on Tuesday, said the promoters – Adi Godrej, Nadir Godrej, Jamshyd Godrej and Smita Godrej Crishna, heads of the respective family branches, have sent a joint letter about a family settlement agreement (FSA) and a brand & non-compete agreement having been entered into amongst some members of the Godrej family. ©SHIRSENDU KARMAKAR #Godrej
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