Godrej family seals deal to split group’s assets

The Godrejs have reached a settlement to split the Rs 59,000-crore ($7 billion) locks-to-land development group to “better align ownership in acknowledgement of the differing visions of the family members”. Adi Godrej and his brother Nadir Godrej will have full ownership of the five publicly listed companies of the Godrej Group, which include Godrej Consumer Products, Godrej Properties, Godrej Industries, Godrej Agrovet, and Astec Lifesciences.