Godrej Industries Ltd (GODREJIND)

Godrej Industries Launches Bhoomi Namaskar Campaign - 15 May, 2024

Godrej Industries Group has launched the Bhoomi Namaskar campaign in collaboration with Bhamla Foundation and Jamnabai Narsee International School. The initiative aims to plant 10,000 trees across various schools in Mumbai over the next six months.

Godrej Family Restructures Ownership and Reveals Succession Plan - 06 May, 2024

The Godrej family is restructuring the ownership of over half a dozen companies without attracting capital gains tax. The family has also revealed its succession plan after the split, with Pirojsha Godrej set to become chairman of Godrej Industries Group in August 2026. Meanwhile, Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal year.

Godrej Properties Plans Major Expansion Amid Strong Demand - 05 May, 2024

Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal year and reported its highest-ever quarterly profit of Rs 471.26 crore in the March quarter due to strong demand. The company aims for a 20% growth in sales bookings amid expansion.

Godrej Industries Shares Fall Despite Open Offer Announcement - 03 May, 2024

Godrej Industries' stock falls as investors express disappointment over the undisclosed details of the group's land bank after Adi and Nadir Godrej family made an open offer for a 26% stake in the company. The open offer is part of the family settlement pact that was reached between them and their cousins Jamshyd Godrej and Smita Crishna Godrej.

Godrej Family Reaches Agreement to Divide Conglomerate - 02 May, 2024

The Godrej family has agreed to divide the conglomerate into two branches. Adi and Nadir Godrej will retain control over listed entities while Jamshyd will assume control of unlisted companies and land bank holdings. Rishad Naoroji will gift most of his shares to nephews and nieces.

Godrej Family Announces Amicable Split of Conglomerate - 01 May, 2024

The founding family of 127-year-old Godrej Group has reached an agreement to split the conglomerate. The deal will untangle cross-holdings held by the two family branches across group companies with a division of businesses and assets between Adi/Nadir family and Jamshyd Godrej/Smita Godrej Crishna family. Lawyers suggest that the split may not attract tax. Sources indicate the enterprise value of the family ownership in the group is worth $20 billion.

Godrej Industries Witnesses Amicable Split Within Family - 30 Apr, 2024

The Godrej family has signed a settlement agreement for an amicable split of the conglomerate's assets. Adi and Nadir Godrej are expected to gain control over most listed companies, while Jamshyd Godrej and Smitha Godrej Crishna will retain control over entities such as Godrej & Boyce Manufacturing Company.

Godrej Electricals & Electronics Secures Orders Worth Over Rs 1,000 Crore - 25 Apr, 2024

Godrej Electricals & Electronics has secured orders worth over Rs 1,000 crore in FY 2023-24 for Air Insulated Switchgear and Gas Insulated Switchgear substations across India. Majority of these orders pertain to renewable energy evacuation, reflecting the company's commitment towards a greener future.

Godrej Family Begins Formal Division of Conglomerate - 19 Apr, 2024

The Godrej family has begun the formal division of their century-old conglomerate by exiting the boards of each other's companies and will soon divest their stakes. Adi and Nadir Godrej resigned from the board of Godrej & Boyce, while Jamshyd Godrej relinquished his seat on boards of GCPL and Godrej Properties.