RISHAD NAOROJI
Adi-Nadir group buys out 12.5% in Godrej Industries from Rishad Naoroji
The Godrej family announced a settlement—according to which the Adi-Nadir and Jamshyd-Smita families would buy out each other’s stakes for zero consideration in each other’s 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 Split: Godrej & Boyce to hold exclusive construction right over Godrej land bank
The former will lead Godrej Industries Group, comprising listed companies, including Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd and Astec Lifesciences Ltd. 75-year-old Jamshyd Godrej will lead Godrej Enterprises, which comprises Godrej & Boyce Manufacturing Co. with presence in many sectors like aerospace, aviation, defence, energy, construction, IT and software while his niece Nyrika Holkar will be the executive director.
Godrej split: Board exits done, stake divestment to follow
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.
Godrej Group looks to lock in terms of division ahead of family split of Rs 1.76-lakh-crore conglomerate
The two factions of the Godrej family - Godrej Industries & Associates led by Adi Godrej and his brother Nadir, and Godrej & Boyce Manufacturing Company (G&B) involving cousins Jamshyd Godrej and Smitha Godrej Crishna - are likely to finalise soon the formal split of business verticals as diverse as engineering, appliances, security solutions, agricultural products, real estate, and consumer products, said the officials familiar with the matter.
Bharat Inc's Succession Story: How India's biggest family businesses are planning a generational shift
Succession planning is still evolving in Indian companies, with some patriarchs opting not to announce a successor due to doubts about the most suitable candidate or a belief in a natural succession process. Various trends are at play, including the appointment of family members to the board, selling businesses, creating family trusts, and dividing businesses among legal heirs.
IPO-bound Paytm’s Vijay Shekhar Sharma’s wealth plummets by Rs 4,100 crore in a year
Vijay Shekhar Sharma’s personal wealth, mostly in the form of his stake in One97 Communications--the parent firm of Paytm, now stands at Rs 18,900 crore, down 18 per cent from Rs 23,000 crore last year, according to IIFL Wealth Hurun India Rich List 2021.
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Eleven stocks in focus on Thursday, 22 December 2016
Private lender South Indian Bank said its board has approved issuing one equity share for every three equity shares held by shareholders on rights basis.
How 118-year-old Godrej & Boyce is trying to unlock growth drivers among its legacy businesses
G&B builds everything from locks to rocket launchers, from cupboards and ACs to satellites, and yet struggles with indifferent growth.
Godrej Industries buys 10 lakh shares of GCPL
Earlier in August, Godrej Industries had bought 12 lakh shares of Godrej Consumer Products for Rs 103 crore from other promoter entities.
Rishad Naoroji: Meet the billionaire who prefers birdwatching to talking business strategy
“Once you get into that clique (hanging around with corporate honchos), all they talk about are numbers and markets and I get very bored” Rishad Naoroji.
Godrej Industries buys 12 L Godrej Consumer Products' scrips from other promoters
Godrej Consumer Products' promoter, Godrej Industries acquired a total of 12 lakh shares of the FMCG major for Rs 103 cr from other promoters entities.
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