The shares were disposed of at an average price of Rs 893.05 per share, taking the total transaction value to Rs 3,802.90.
The shares were acquired at the same price by promoters Nadir Burjol Godrej, Pirosha Adi Godrej, Nisaba Godrej and Taniya Dubash, thereby increasing their holding in Godrej Industries, the group’s flagship company.
Earlier, Godrej Industries had said that the Adi Nadir Godrej faction would buy a 12.65 per cent stake in Godrej Industries from RKN Enterprises in a bulk deal, increasing its stake in the group’s flagship company.
“We, Nadir Godrej, Pirojsha Godrej, Taniya Dubash and Nisaba Godrej have filed necessary notification under the Securities and Exchange Board of India (Substantial Acquisition and Takeover of Shares) Regulations (SEBI SAST Regulations) with respect to the proposed acquisition of shares in Godrej Industries Limited (GIL) from RKN Enterprises. Under SEBI SAST Regulations, the acquirer and seller have been classified as promoters/promoter group of GIL for more than three years,” the company said in a regulatory filing on July 1. On Monday, Godrej Industries shares rose 0.82% to close at Rs 899.90 per share on the BSE. The founding family of the 127-year-old Godrej Group, which has businesses ranging from soaps and home appliances to real estate, had in April announced a demerger of the conglomerate with Adi Godrej and his brother Nadir retaining Godrej Industries. While they own five listed companies, cousins Jamshyd and Smita also own the privately held Godrej & Boyce and its associated companies, as well as a land bank that includes prime real estate in Mumbai.
A statement from the group said it is split between two branches of its founding family – Adi Godrej (82) and his brother Nadir (73) on one side, and their cousins Jamshid Godrej (75) and Smita Godrej Krishna (74) on the other.
The Godrej Enterprises Group, which comprises Godrej & Boyce and its associated companies across multiple industries, from aerospace and aviation to defence, furniture and IT software, is led by Jamshid Godrej as chairman and managing director, with his sister Smita’s daughter Nirika Holkar, 42, serving as executive director.
Their family will control the unit, which also has a land bank that includes 3,400 acres of prime land in Mumbai.
The Godrej Industries group, which includes the listed companies Godrej Industries, Godrej Consumer Products, Godrej Properties, Godrej Agrovet and Astec Life Sciences, will be run by Adi, Nadir and their close relatives, with Nadir Godrej as chairman.
Adi’s son, Piroshah Godrej, 42, will become GIG’s executive vice-chairman and will succeed Nadir as chairman in August 2026.
The Godrej family called the demerger an “ownership restructuring” of Godrej’s shareholding.
“This restructuring has been undertaken with respect and sensitivity to acknowledge the differing visions of the Godrej family members, maintain harmony and better align ownership.”
“This will maximise strategic direction, focus and agility and accelerate the process of creating long-term value for shareholders and all other stakeholders,” the company said.
Both groups will continue to use the Godrej brand and are committed to developing and strengthening their shared heritage.
