Adi-Nadir Godrej family buys stake worth Rs 3,803 crore in Godrej Industries

Godrej Industries shares closed at Rs 899.90 on the BSE on Monday. It has a market capitalisation of Rs 30,298 crore. Promoters held 67.16 per cent stake in the company as of March 2024.

On May 2 this year, the Godrej family had announced an amicable settlement under which the Adi-Nadir and Jamshyd-Smita families bought each other’s stakes for zero consideration in each other’s companies.

While the Adi and Nadir Godrej faction controls Godrej Industries, Godrej Properties, and Godrej Consumer Products, the Jamshyd Godrej family controls the unlisted Godrej and Boyce Mfg.

On April 30, the Godrej family announced an ownership realignment of their shareholdings in the Godrej companies. Godrej Enterprises Group (GEG) comprises of Godrej & Boyce (G&B) and its affiliates, which have presence across multiple industries. This group will now be controlled by Jamshyd Godrej, Chairperson and Managing Director, Nyrika Holkar, Executive Director, and their immediate families.

Godrej Industries Group (GIG), which includes the listed companies, Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have Nadir Godrej as Chairperson and will be controlled 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 the Chairperson in August 2026.