The amicable split of the 127year-old Godrej group will ensure that the shareholder value is not hit, governance and market experts said on Wednesday, while expressing hope that it could also boost the stock prices of the five listed group firms.After years of negotiations, Godrej family announced a "shareholding realignment" after the market hours on Tuesday.
Under the new arrangement, Jamshyd Godrej, along with his niece Nyrika Holkar and their families, will oversee the unlisted Godrej Enterprises Group (GEG), encompassing Godrej & Boyce and its affiliates.
Nadir Godrej and Adi Godrej, along with their immediate families, will control the Godrej Industries Group (GIG), which houses listed firms such as Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences.
Experts said there are several recent examples of shareholders' wealth getting destroyed and business growth getting impacted on account of disputes over family settlements. The way such a large and complex group like Godrej has handled the ownership issue will be welcomed by the stock markets, they said.
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Denne historien er fra May 02, 2024-utgaven av Business Standard.
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A life that lives beyond
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Love-all, RAFA
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