The CCI approves the restructuring of the interests, legal ownership and management of various entities within the Godrej group
The CCI approves the restructuring of the interests, legal ownership and management of various entities within the Godrej group
The Competition Commission of India (CCI) has approved the proposed merger, including restructuring of interests, legal ownership and management of various entities within the Godrej Group.
The proposed merger pertains to the interests, legal ownership and management of various entities within the Godrej group,
The proposed merger pertains to the interests, legal ownership and management of various entities within the Godrej group, which are inter-arranged between members of the family wing such as Adi Godrej and the family (ABG family), Nadir Godrej and the family (NBG family), Jamshid Godrej and the family (JNG family) and Smita Krishna and the family (SVC family). Such restructuring will take place as per the Family Settlement Agreement of April 30, 2024 (FSA), executed by the Family Branch (proposed merger)
The target industries formed as part of the proposed merger include: (1) The Gilak Group entities and (2) the G&B Group entities.
The target industries formed as part of the proposed merger include: (1) The Gilak Group entities and (2) the G&B Group entities.
The Gilak Group entities include: (a) Godrej Industries Limited (b) Godrej Consumer Products Limited (c) Godrej Properties Limited (d) Godrej Agrovet Limited (e) Godrej Seeds and Genetics Limited (f) Inovia Multiventions Pvt. Ltd.
The G&B Group entities include (a) Godrej & Boyce Manufacturing Company Limited. (b) Godrej Holdings Private Limited; (c) Godrej Infotech Limited; and (d) RKN Enterprises.
After this, the detailed order of the CCI will come. read more
