The family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej IndustriesA Godrej Aerospace logo is pictured during a press conference outside the plant in Mumbai, India, July 10, 2023. REUTERSIndia's Godrej family has decided to restructure its shareholding in the conglomerate to operate as two entities, Godrej Enterprises and Godrej Industries, according to a filing late on Tuesday. Godrej Enterprises Group (GEG) will be headed by 75-year-old Jamshyd Godrej as chairperson and managing director and his niece Nyrika Holkar as executive director. Nadir Godrej, 73, will serve as chairperson of Godrej Industries Group (GIG), which operates via listed companies including Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Lifesciences. 82-year-old Adi Godrej stepped down as chairman of Godrej Industries in August 2021, handing over the reign to his brother, Nadir Godrej.

Source: bd News24 May 02, 2024 02:20 UTC