The Godrej family has initiated the process for the formal division of the conglomerate by exiting boards of each other’s companies and will soon divest their stakes. According to reports, Adi and Nadir Godrej will soon divest their stakes in Godrej & Boyce to the other branch. Jamshyd Godrej and his side of the family will transfer interests in Godrej Consumer Products (GCPL) and Godrej Properties to their cousins through a family arrangement. The separation is between two branches of the founding family with Adi Godrej and his brother Nadir on one side and their cousins Jamshyd Godrej and his sister Smita Godrej Crishna on the other. Earlier this year, Adi and Nadir Godrej resigned from the Godrej & Boyce Board, while Jamshyd Godrej left his seat in the boards of GCPL and Godrej Properties.
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