The Godrej family today announced an ownership realignment of their shareholdings in the Godrej Companies. The realignment has been arrived at in a respectful and the division has been done in a mindful way to maintain harmony and to better align ownership in acknowledgement of the differing visions of the Godrej family members, an official release stated.
Godrej family reaches an agreement to split the 127-year-old conglomerate into two branches indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
The Godrej Group founding family has agreed to split the conglomerate. Adi and Nadir will retain Godrej Industries, while Jamshyd and Smita will receive Godrej & Boyce and a Mumbai land bank, aiming to enhance long-term value creation.
Godrej Construction, a business of Godrej & Boyce, designed and built four phases of Godrej Platinum, residential development project with a total constructed area of 1 million sq ft, which has been marketed by Godrej Properties. In March, a new project Godrej Vistas was launched under this arrangement.