Godrej Family Announces Business Split, Divestments Imminent

• The Godrej family, known for their vast business empire, is undergoing a formal division.
• Two branches, led by cousins Adi & Nadir Godrej and Jamshyd Godrej & Smita Godrej Crishna, are separating their interests.
• Adi and Nadir will divest their stakes in Godrej & Boyce, the diversified conglomerate.
• Jamshyd's branch will transfer control of Godrej Consumer Products (GCPL) and Godrej Properties to their cousins.
• This family arrangement aims to streamline ownership and potentially lead to sharper focus within each business group.
• The separation is expected to involve divestments and a complex agreement governing shared real estate assets.