CCI approves realignment of interests, legal ownership, and management of various entities within the Godrej group

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..... CCI approves realignment of interests, legal ownership, and management of various entities within the Godrej group - News and Press Release Dated:- 19-6-2024 - News - CCI approves realignment of interests, legal ownership, and management of various entities within the Godrej group - - - Dated:- 19-6-2024 - The Competition Commission of India (CCI) has approved the proposed combination involving r .....

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..... ealignment of interests, legal ownership, and management of various entities 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 .....

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..... ), Jamshyd Godrej and family ( JNG Family ) and Smita Crishna and family ( SVC Family ). Such realignment will take place in accordance with the Family Settlement Agreement dated 30 th April 2024 ( FSA ) executed by the Family Branches ( Proposed Combination ). The target enterprises forming part of the Proposed Combination include: (i) the GILAC Group Entities and (ii) G B Group Entities. GILAC .....

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..... Group Entities include: (a) Godrej Industries Limited (b) Godrej Consumer Products Limited (c) Godrej Properties Limited (d) Godrej Agrovet Limited (e) Godrej Seeds Genetics Limited (f) Innovia Multiventures Private Limited (g) AstecLifesciences Limited and (h) Anamudi Real Estates LLP. G B Group Entities include (a) Godrej Boyce Manufacturing Company Limited; (b) Godrej Holdings Private Limited; .....

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..... (c) Godrej Infotech Limited; and (d) RKN Enterprises. Detailed order of the CCI will follow. - - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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