Jamshyd Naoroji Godrej and his sister Smita Crishna Godrej-controlled Godrej & Boyce will hold the exclusive construction rights over a vast land bank, including a prime 3,000 acre-property in Mumbai, they got as part of the family agreement that split the Godrej empire, as per sources and regulatory filing. According to the agreement reached late Tuesday, the 127-year-oldgets to keep what group will be split into two entities - one led by Adi Godrej and his brother Nadir and the other by their cousins Jamshyd and Smita.
The 79-year-old industrialist will continue to serve as chairman of the Godrej Group and chairman emeritus of GIL, said the statement. "Nadir Godrej, who is currently managing director of GIL, will take over as chairman and managing director of the company," it added.
BSE has informed its members that dealing in the securities of Godrej Industries Ltd will resume with effect from January 16, 2003.\n\n\n\n
The company, which has liquid detergent brands like Ezee and liquid cleaning agent brands like Godrej Dish Wash Liquid and Kiwi Kleen, is looking at companies that have good brands and distribution networks, largely in household care (detergents, cleaning agents segment) and haircare, with focus on colours and hair dyes. "Given the right opportunity, the company will spend around $100 million (Rs 5 billion)," said a source close to the development.
Soaps and cosmetics maker Godrej Industries Ltd has set a final dividend of Rs 2 per share of face value Rs 6 each, for the past year ended March, the Bombay Stock Exchange said on Wednesday.\n\n\n\n
Godrej Industries Ltd's foods division, the manufacturer of Sofit Soymilk, along with the Indian Medical Association and the American Soybean Association, conducted a seminar on the health benefits of soy titled 'Soy Milk Nutritional Health'.
FMCG major Godrej Industries Ltd will sell off its foods division to Godrej Tea Ltd, an associate company for over Rs 85 crore (Rs 850 million).
FMCG major Godrej Industries Ltd will invest Rs 500-700 crore (Rs 5 to 7 billion) over five years to expand Aadhar, a chain of supermarkets in rural India, which hawks goods ranging from fertilisers, pesticides, animal feed and FMCG products.
Natures Basket's acquisition will make Spencer's Retail a national player, giving it access to the western parts of India through its 36 stores in prime locations in Mumbai, Pune and Bangalore.
Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care industry.
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