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
Rishad's net worth is estimated at around $3.8 billion. The son of Kaikhushru and Dosabai, Rishad, is an avid conservationist who has founded the Raptor Research and Conservation Foundation that focus on Asian birds of prey.
The Godrej family has begun the formal division of the conglomerate established more than a century ago by exiting the boards of each others companies and will soon divest stakes in them, said people with knowledge of the matter.
The amicable separation is between two branches of the founding family with Adi Godrej and brother Nadir Godrej on one side and their cousins Jamshyd Godrej and Smita Godrej Crishna on the other. The latter two are brother and sister.