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4 days ago · The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each others stakes for zero consideration in each others companies. While the Adi and Nadir Godrej faction now known as Godrej Industries Group (GIG) controls Godrej Industries , Godrej Properties and Godrej Consumer Products, the Jamshyd Godrej family now Godrej Enterprises Group (GEG) controls unlisted Godrej and Boyce Mfg .
- Godrej Industries: Adi-Nadir to buy cousins’ 13% stake in ...
On Tuesday, Godrej Industries’ stock closed at Rs 898...
- Godrej Industries: Adi-Nadir to buy cousins’ 13% stake in ...
3 days ago · Diversified company Godrej Industries Ltd shares are trading 0.90% down in the early morning trade today after the Adi-Nadir Godrej group announced to buy a 12.65% stake worth ₹3,858 crore in RKN Enterprises, another promoter group holding entity, via block deals. The additional stakebuy is set to increase their overall holding in the company.
3 days ago · On Tuesday, Godrej Industries’ stock closed at Rs 898 apiece, up 1.3% on the BSE. The share-purchase will increase Adi and Nadir’s stake in the holding company of the GIL Group to 44% from 31%.
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3 days ago · The Adi-Nadir Godrej faction had also said that they would pick up a 20.84% stake from Jamshyd Godrej-Smita Crishna families to untangle cross-holdings. More Stories on Godrej Group.
4 days ago · As part of the family settlement, the Adi-Nadir Godrej faction will buy the 12.65 per cent stake in Godrej Industries via block deals from RKN Enterprises, thus raising its stake in the group flagship company, according to a statement to the stock exchanges. RKN Enterprises is owned by Rishad ...
4 days ago · Post this deal, the Adi-Nadir family will own 52.01 percent in Godrej Industries, the holding company of the other Godrej-listed entities. Godrej business split a lesson for family enterprises.
3 days ago · Nadir Godrej further added, "Godrej was founded in 1897 to help build economic independence for India. This deep purpose of innovating for a cause - the values of trust and respect and the belief ...