Godrej Industries, Godrej Consumer, Godrej Agrovet jump 1-5% after family decides to split business empireGodrej Industries, Godrej Consumer, Godrej Agrovet jump 1-5% after family decides to split business empire
Godrej Group stocks including Godrej Industries, Godrej Consumer Products and Godrej Agrovet, gained over 1-5% in early trade on Thursday after the Godrej family reached an agreement to split the conglomerate into two branches.
Godrej Industries share price jumped as much as 3% to hit a fresh 52-week high of ₹989.90 apiece on the BSE, while Godrej Consumer Products shares gained 2.8% and Godrej Agrovet share price rallied 5.5%.
On the other hand, Godrej Properties share price declined over 4.4% in early trade on May 2.
According to the Family Settlement Agreement issued on the stock exchanges by the company,…