In an ownership redistribution,the billion-dollar venture will now be splitinto two branches of the family. Adi and Nadir Godrej will maintain control of Godrej Industries, which includes five listed firms.
Explained: Why Did The Godrej Family Split Their 127-Year Business Empire? indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Godrej Boyce, Godrej Properties to continue their association for land development in Vikhroli bignewsnetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bignewsnetwork.com Daily Mail and Mail on Sunday newspapers.
The founding family of 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, has reached an agreement to split the conglomerate.