Adi-Nadir Godrej Family Acquires 12.65% Stake in Godrej Industries

The Adi-Nadir Godrej family has acquired a 12.65% stake worth Rs 3,803 crore in Godrej Industries, the flagship company of the Godrej Group. The stake was purchased from RKN Enterprises, owned by Rishad K Naoroji, a cousin of Adi Godrej, and others.

Breakdown of the Stake Purchase by Godrej Industries:

• Nadir Godrej: Acquired a 7.57% stake worth Rs 2,277 crore at a price of Rs 893 per share.
• Adi Godrej’s Children: Each of Adi Godrej’s three children acquired a 1.69% stake, worth Rs 509 crore each.

Godrej Industries shares closed at Rs 899.90 on the BSE on Monday, with a market capitalization of Rs 30,298 crore. As of March 2024, promoters held a 67.16% stake in the company.

Recent Family Settlement by Godrej Industries:

On May 2, the Godrej family announced an amicable settlement. Under this agreement, the Adi-Nadir and Jamshyd-Smita factions exchanged stakes in each other’s companies for zero consideration. This settlement marked a significant realignment within the family business empire.

Controls Godrej Industries, Godrej Properties, and Godrej Consumer Products. Controls the unlisted Godrej and Boyce Mfg.

Ownership Realignment:

On April 30, the Godrej family announced a realignment of their shareholdings:

Includes Godrej & Boyce and its affiliates, controlled by Jamshyd Godrej, Chairperson and Managing Director, Nyrika Holkar, Executive Director, and their immediate families.

Includes the listed companies Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet, and Astec Lifesciences. Nadir Godrej is the Chairperson, with control held by Adi Godrej, Nadir Godrej, and their immediate families. Pirojsha Godrej will be the Executive Vice Chairperson of GIG and will succeed Nadir Godrej as Chairperson in August 2026.

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