Godrej Group's internal restructuring gets Competition Commission's nod
The Competition Commission of India (CCI) on Tuesday said it has approved the proposed internal realignment within the Godrej group.
"The proposed combination relates to realignment of interests, legal ownership, and management of various entities within the Godrej group pursuant to an inter-se arrangement between the members of the Family Branches viz Adi Godrej and family (ABG Family), Nadir Godrej and family (NBG Family), Jamshyd Godrej and family (JNG Family) and Smita Crishna and family (SVC Family)," CCI said in a release.
Such realignment will take place under the Family Settlement Agreement (FSA) dated April 30, 2024, executed by the family branches, it added.
Under the terms of the FSA, the realignment will encompass entities like the GILAC Group Entities and G&B group entities, marking a strategic effort to streamline operations and consolidate governance structures within the conglomerate.
The target enterprises forming part of the proposed combination include the ...