Adi-Nadir Godrej group acquires 12.5% stake in Godrej Industries for ₹3,858 cr
Diversified company Godrej Industries Ltd shares are trading 0.90% down in the early morning trade today after the Adi-Nadir Godrej group announced to buy a 12.65% stake worth ₹3,858 crore in RKN Enterprises, another promoter group holding entity, via block deals. The additional stakebuy is set to increase their overall holding in the company.
The acquisition is proposed to be completed any time after four working days. The Nadir group will acquire 4,25,83,272 shares constituting 12.65% of the total paid-up share capital of Godrej Industries, the company says in an exchange filing.
The Godrej empire is run by two splinter families, led by cousins Adi Godrej and Jamshyd Godrej. Adi was the chairman of the group at one point of time. But the role ceased to exist with the rise of bitterness in the two factions under the cousins.
The Godrej family had amicably decided to split the 127-year-old conglomerate into two groups in May 2024, announcing an ownership realignment of shareholdings in the Godrej companies. The promoters of the company — Adi Godrej, Nadir Godrej, Jamshyd Godrej and Smita Godrej Crishna— had mutually signed a family settlement agreement (FSA).
The Adi Godrej faction includes his three children, Tanya, Nisaba and Pirojsha as well as his brother Nadir. The Jamshyd faction includes his sister Smita and her husband Vijay Crishna and their daughter, Nyrika Holkar.
The agreement between the two factions said Godrej Industries Group (GIG) will be controlled by Adi Godrej, Nadir Godrej and their immediate families. Nadir Godrej will serve as the chairperson of the Group, whereas Pirojsha Godrej will be the executive vice chairperson of GIG. Pirojsha will succeed Nadir as the chairperson in August 2026. Godrej Industries Group includes the listed companies — Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences.
Godrej Enterprises Group (GEG) comprising of Godrej & Boyce and its affiliates will now be controlled by Jamshyd Godrej, chairman and managing director and Nyrika Holkar, executive director and their families. Godrej Enterprises has a presence across aerospace, aviation, defence, engines and motors, energy, security, building materials, construction, green building consulting, EPC services, intralogistics, healthcare equipment, durables, furniture, interior design, architectural fittings, IT software as well as infrastructure solutions.
Notably, both Groups will continue to use the Godrej brand. At 10.14 AM on Wednesday, shares of Godrej Industries Ltd opened 0.97% lower at ₹888.75. The company’s market capitalisation stood at ₹29,923.39 crore. The share price of Godrej Consumer Products Ltd opened 0.02% lower at ₹1,370.05, with market capitalisation at ₹1,40,131.50 crore. The share price of Godrej Properties also opened 0.71% lower at ₹3286, with an m-cap at ₹91,369.52 crore. The share price of Godrej Agrovet Ltd opened 1.97% lower at ₹979.40, with an m-cap of ₹15,330.87 crore. The share price of Astec Lifesciences opened 4.09% higher at ₹1,459.75, with m-cap of ₹2,524 crore.