Godrej group stocks rise up to 9% post conglomerate's split
Out of five listed entities, Godrej Consumer, Godrej Agrovet and ASTEC were trading higher, while Godrej Properties and Godrej Industries slipped in red.
Out of five listed entities, Godrej Consumer, Godrej Agrovet and ASTEC were trading higher, while Godrej Properties and Godrej Industries slipped in red.
The Godrej empire is run by two splinter families, led by cousins Adi Godrej and Jamshyd Godrej.
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
With multiple stakeholders, succession planning is not only important to pass on the family wealth to the next generation but also to avoid bitter disputes.
Godrej Industries will infuse ₹1,500 crore in the new business and an additional ₹5,000 crore as equity investments by 2026, to build an NBFC with ₹30,000 crore balance sheet size.
Business separation has been delayed in the family because of complexity in valuation.
The imminent split could lead to an erosion in the value of brand Godrej in the absence of a robust central and shared brand governance system.