Godrej Stocks Rise after the Business Split

Recently, the Godrej Group announced dividing the family business into two branches. This resulted in the share price of Godrej Industries, Godrej Consumer Products, and Godrej Agrovet, increasing by 1% to 5%.

[{"selector":"#anim-de5bba7a-c0d1-4542-89b3-7877a96aa395","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-53965617-4083-4175-afdc-13bf3b1399a8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

As per the report filed with SEBI, Adi Godrej and his brother Nadir Godrej would each keep 5 listed companies.

[{"selector":"#anim-b0d81905-6eef-43fa-9227-a08b6efe548d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e329a27-9cbd-426d-93b5-d51474f115ef","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

However, Godrej & Boyce Mfg. Co. Ltd, which is not listed, will be run by Jamshyd Godrej and Smita Crishna’s family.

[{"selector":"#anim-5e57d130-4b3d-4126-957f-9ee48e01eb92","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-653cf24b-fb6b-48ba-8e35-75d92aca28a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

All the companies will use the Godrej brands usually. The patterns of shareholdings would also change as per the new business split.

[{"selector":"#anim-3af08cdb-d6d8-4652-8e55-e2595d25f6fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9bf4a4ca-2061-48e1-9b31-1d66829588d7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

With this news, shares of Godrej Industries increased by 3% to reach a new 52-week high of Rs. 989.90. The shares of Godrej Consumer Products and Godrej Agrovet increased by 2.8% and 5.5%, respectively.

[{"selector":"#anim-9875a625-66ab-44cc-8e7f-b1a42a91d53f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c98e9ae8-4d6e-4566-9f44-e7101f2e0671","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Godrej Group Stocks

[{"selector":"#anim-19fcb567-7e57-41c3-9c6a-32281592d939","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2cb868d9-b1e3-47d4-afaa-dd8dd52a53c2","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04171409-a579-468c-82cc-e32fd34e69a0","keyframes":{"transform":["translate3d(-120.06472%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Swipe up to Open Demat Account Open Demat Account

Check out more 5paisa webstories

[{"selector":"#anim-d54a80f3-9155-4974-a52e-c823152d3ca5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5bdfcebe-af15-4cac-963b-7a9716bcb66a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd05c299-b10d-4fdc-8141-224a58b34f4c","keyframes":{"transform":["translate3d(0px, 561.27896%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Godrej Stocks Rise after the Business Split

Recently, the Godrej Group announced dividing the family business into two branches. This resulted in the share price of Godrej Industries, Godrej Consumer Products, and Godrej Agrovet, increasing by 1% to 5%.

Business Spilt

As per the report filed with SEBI, Adi Godrej and his brother Nadir Godrej would each keep 5 listed companies.

SEBI filing

However, Godrej & Boyce Mfg. Co. Ltd, which is not listed, will be run by Jamshyd Godrej and Smita Crishna’s family.

Unlisted company

All the companies will use the Godrej brands usually. The patterns of shareholdings would also change as per the new business split.

Future course

With this news, shares of Godrej Industries increased by 3% to reach a new 52-week high of Rs. 989.90. The shares of Godrej Consumer Products and Godrej Agrovet increased by 2.8% and 5.5%, respectively.

Share prices

Check out more 5paisa webstories

Swipe up