His son, Pirojsha Adi Godrej , is chief executive officer of Godrej Properties , while his two daughters -- Nisaba Godrej and Tanya Dubash -- are executives at the group. A listing would be "a major potential upside trigger" for the Godrej Industries ' stock, according to Bhat, as Agrovet contributes as much as 20 percent to its enterprise value. More IPOs are on their way with Vodafone Group Plc's Indian unit considering a record $3 billion sale, people familiar with the matter have said.Besides Temasek, Godrej Industries Ltd . Godrej Industries' shares advanced 1.1 percent on Thursday to close at 431.55 rupees in Mumbai, compared with a decline in the benchmark S&P BSE Sensex The Godrej Group, which generates more than $4 billion in annual revenue and started off making locks in 1897, counts Godrej Industries, Godrej Properties Ltd . and other group affiliates could benefit from an IPO as they own the remainder of Agrovet.

Source: Economic Times July 21, 2016 16:39 UTC