![Adi-Nadir Godrej group acquires 12.5% stake in Godrej Industries for ₹3,858 cr](https://images.assettype.com/fortuneindia%2F2021-12%2F9fdfba96-c4ec-4af3-a4ef-e2c82685907d%2FGodrej_1.jpg?w=300&q=95)
Adi-Nadir Godrej group acquires 12.5% stake in Godrej Industries for ₹3,858 cr
The Adi-Nadir group will acquire 4,25,83,272 shares constituting 12.65% of the total paid-up share capital of Godrej Industries
The Adi-Nadir group will acquire 4,25,83,272 shares constituting 12.65% of the total paid-up share capital of Godrej Industries
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 Group stock jumped 3.5% to touch a fresh 52-week high of ₹2,524 today after it unveiled a plan to develop a township project in Bengaluru.
Godrej Group patriarch weighs intangible values of the group higher than tangible assets such as land.
The sales in India, Africa, the U.S. and the Middle East went up, but declined in Indonesia, Latin America and SAARC
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.
For the rapidly growing Kolkata-based QSR chain, the small kiosk embedded in a mall has proven to be a profitable idea. Especially when it serves one of India’s favourite fast foods.
Vivek Gambhir, MD and CEO of Godrej Consumer Products, says despite a short-term spike in demand, the sector isn’t immune to a broader slowdown.
Focus on infra, housing, financial services, labour reforms welcome; but concerns remain on corporate tax, ability to meet disinvestment target.
Corporate circles feel too much is being made of the developments around the Godrej family pact. Differences and future-proofing are natural for family businesses.