In a major development within the renowned Godrej Group, the Adi-Nadir faction of the family has strengthened its grip over Godrej Industries Limited, the flagship entity, through the acquisition of a sizable stake. According to latest exchange filings, the prominent family members have together purchased shares worth over Rs. 3,800 crores.
It is understood that Nadir Godrej, who serves as the Chairperson of Godrej Industries Group, has topped up his personal holding in Godrej Industries through the purchase of a 7.57% stake for approximately Rs. 2,277 crores. Meanwhile, the three children of founder Adi Godrej – Tanya, Nisaba and Laxmi – have each added around 1.69% holding valued at Rs. 509 crores to their portfolios.
The sellers in this large block deal were identified as RKN Enterprises, which has been offloading its 12.65% stake in the company. Held by Rishad K Naoroji, a cousin of Adi Godrej, and his associates, this stake has now been consolidated with the promoter group for a consideration reported to be around Rs. 3,803 crores.
Godrej Industries shares closed marginally up on the day at Rs. 899.90 per share on the National Stock Exchange. With a market worth of over Rs. 30,000 crores currently, promoters control close to two-thirds of the outstanding equity. The latest development therefore serves to further strengthen the position of the Adi-Nadir family within the 130-year old conglomerate.
Going forward, with Nadir Godrej guiding the listed entities cluster as Chairperson and Pirojsha succeeding her in 2026, the diversified business empire is poised for continued growth and expansion led by the next generation of the prominent business family.
