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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

October 29, 2021 / 07:52 AM IST

Godrej family looks to divide $4.1 billion empire

The 124-year-old Godrej Group worth $4.1 billion is planning to divide their assets and businesses among the family members, The Economic Times reported.

Why it’s important: The businesses would be divided between two groups, one led by the families of patriarch Adi Godrej and his brother Nadir, the other by their cousins Jamshyd Godrej and Smita Godrej Crishna.
Family members, their close aides and external advisers are engaged for the purpose.
The talks are being led by Pirojsha Godrej, Adi Godrej’s son, representing one side and Jamshyd is representing the other side.
A resolution is expected in the next six months.
The division is also aimed at resolving certain differences related to business strategy and hands-on involvement of generation.

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