{"id":5226,"date":"2024-06-19T11:25:33","date_gmt":"2024-06-19T11:25:33","guid":{"rendered":"https:\/\/khabarok.com\/business\/cci-approves-restructuring-of-legal-ownership-and-management-across-godrej-group-entities\/"},"modified":"2024-06-19T11:25:33","modified_gmt":"2024-06-19T11:25:33","slug":"cci-approves-restructuring-of-legal-ownership-and-management-across-godrej-group-entities","status":"publish","type":"post","link":"https:\/\/khabarok.com\/?p=5226","title":{"rendered":"CCI approves restructuring of legal ownership and management across Godrej group entities"},"content":{"rendered":"<p><\/p>\n<div id=\"content-body-68307437\" itemprop=\"articleBody\">\n<p>The Competition Commission of India (CCI) has approved the proposed combination involving realignment of interests, legal ownership, and management of various entities within the Godrej group.<\/p>\n<p>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\u00a0<i>viz.<\/i>, Adi Godrej and family (ABG Family), Nadir Godrej and family (NBG Family), Jamshyd Godrej and family (JNG Family) and SmitaCrishna and family (SVC Family).\u00a0<\/p>\n<p>Such realignment will take place in accordance with the family settlement agreement dated April 30, 2024 (FSA) executed by the family branches (proposed combination).\u00a0<\/p>\n<p>The target enterprises forming part of the proposed combination include: (i) the GILAC Group Entities and (ii) G&amp;B Group Entities.<\/p>\n<p>GILAC Group Entities include: (a) Godrej Industries Limited (b) Godrej Consumer Products Limited (c) Godrej Properties Limited (d) Godrej Agrovet Limited (e) Godrej Seeds &amp; Genetics Limited (f) Innovia Multiventures\u00a0\u00a0Private Limited (g) Astec LifeSciences Limited and (h) Anamudi Real Estates LLP.\u00a0<\/p>\n<p>G&amp;B Group Entities include (a) Godrej &amp; Boyce Manufacturing Company Limited; (b) Godrej Holdings Private Limited; (c) Godrej Infotech Limited; and (d) RKN Enterprises.<\/p>\n<div class=\"share-article-section second-article-share share-article-section-mobile\">\n<div class=\"share-page\" data-title=\"CCI approves restructuring of legal ownership and management across Godrej group entities\" data-url=\"https:\/\/www.thehindubusinessline.com\/economy\/cci-approves-restructuring-of-legal-ownership-and-management-across-godrej-group-entities\/article68307437.ece\">\n<p><span class=\"red-text-color\"\/>SHARE\n<\/p>\n<ul class=\"share-list\" style=\"display: none;\">\n<li class=\"copy-link\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; copytext('https:\/\/www.thehindubusinessline.com\/economy\/cci-approves-restructuring-of-legal-ownership-and-management-across-godrej-group-entities\/article68307437.ece')\" data-cf-modified-ffee1c8040d605574e261fd3-=\"\">Copy link<\/li>\n<li class=\"email\">Email<\/li>\n<li class=\"facebook\" onclick=\"if (!window.__cfRLUnblockHandlers) return false; 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