Biz split impact: Godrej stocks rally up to 9%; Godrej Properties down 4%
Shares of Godrej Group companies rallied up to 9 per cent on the BSE in Thursday’s intra-day trade after the Godrej family on Tuesday announced an ownership realignment of their shareholdings in the Godrej Companies.
According to the settlement plan, listed entities including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences will have Nadir Godrej as chairperson. In control, besides Nadir Godrej will be Adi Godrej, and their immediate family members. Read more
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