Godrej Group in final rounds of deliberation over family settlement for division of business

According to reports, the Godrej Group would soon reveal the division of its varied company. Sources told CNBC-Awaaz that the family settlement may be finalized by the corporation today, April 30, and that it is probably going to be a friendly resolution.

The conglomerate is involved in a variety of industries, including consumer goods, real estate, agriculture, home appliances, security systems, and engineering solutions.

The Godrej family is divided into two factions: Adi Godrej and his brother Nadir are the leaders of Godrej Industries & Associates. Jamshyd Godrej and Smitha Godrej Crishna, cousins, are in charge of another wing, Godrej & Boyce Manufacturing Company (G&B).

According to additional reports, the agreement will cover topics including land bank development, royalty, and brand usage.

The sources indicate that while Jamshyd and Smitha Godrej are expected to hold control over Godrej & Boyce Manufacturing Company, Adi and Nadir Godrej are likely to control the majority of listed companies.

Godrej Industries Limited, a holding company that was founded in 1897, has a broad range of interests in consumer goods, real estate, agriculture, chemicals, and financial services. It also serves as a business incubator for start-ups. Its ownership stakes are as follows: 64.89 percent in Godrej Agrovet Ltd.; 23.74 percent in Godrej Consumer Ltd.; and 47.34 percent in Godrej Properties Ltd.