According to various news reports, the Godrej Group, valued at Rs 1.76-lakh-crore, is currently in advanced negotiations to split its diverse businesses. The conglomerate is navigating the complexities of dividing its operations between two major family factions.
One faction, Godrej Industries & Associates, led by Adi Godrej and his brother Nadir, stands on one side. On the other, Godrej & Boyce Manufacturing Company (G&B) is led by cousins Jamshyd Godrej and Smitha Godrej Crishna. The family council is actively deliberating two pivotal issues: the post-split usage of the Godrej brand name, potentially involving royalty payments, and the valuation of land assets currently held by G&B.
Top investment bankers and legal advisors are allegedly providing counsel to the involved parties during these discussions. While the specifics of the split are still being discussed, this development marks a significant turning point for the renowned conglomerate, which has been a household name in India for over a century.
Banker Nimesh Kampani and corporate lawyer Zia Mody are reportedly advising Jamshyd Godrej, while legal firm Cyril Amarchand Mangaldas and banker Uday Kotak are leading discussions from the Adi Godrej side. Pirojsha Godrej, Adi's son and the chairman of Godrej Properties, is directly involved in these deliberations, signifying the significance of this impending decision for the Godrej legacy.
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