India Business News: Adi and Nadir Godrej-led family group offers to buy 26% of Astec Lifesciences at Rs 1,070 per share, triggering an open offer due to a change in share
The family’s asset division plan has done well to minimize scope for a wrangle over a brand prized for elasticity across markets. Like a Möbius strip, the brand can be split but not apart.
Family-owned companies: Is India Inc getting better at resolving disputes? thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
In family settlement cases, non-complete agreements are a standard practice, in India as elsewhere. For the Godrejs, the non-compete period started on April 30.
India Business News: As a result of a family agreement, siblings Jamshyd Godrej and Smita Crishna will have sole rights to develop on more than 3,000 acres of land owned b