Nadir Godrej and three of Adi Godrej’s children acquired 1.02 crore shares in Godrej Consumer Products through block deals from promoter group entities
Four members of the Godrej family have acquired a 0.99 per cent stake in Godrej Consumer Products (GCPL) for Rs 900.24 crore through separate block deals, according to data on the BSE.
The buyers are Nadir Burjor Godrej, younger brother of Adi Godrej, and three of Adi Godrej’s children — Nisaba Adi Godrej, Pirojsha Adi Godrej and Tanya Arvind Dubash. Together, they purchased 1,02,30,000 shares of the Mumbai-based FMCG company at an average price of Rs 880 per share.
Shares Acquired Through Block Deals
The shares were acquired from two promoter group entities through separate block transactions. Godrej Industries and Godrej Seeds & Genetics sold an equal number of shares at the same price, according to the BSE data cited in the report.
While the transaction changes the holding pattern among individual members and entities within the promoter group, it does not alter the combined shareholding of the promoters and promoter group entities in GCPL.
The transaction comes after the broader realignment of ownership across the Godrej Group following the family settlement agreement announced in 2024. Under that arrangement, Godrej Consumer Products and other listed companies were placed within the Godrej Industries Group, controlled by Adi Godrej, Nadir Godrej and their immediate families.
GCPL Shares Close Lower
Following the transactions, shares of Godrej Consumer Products closed 0.63 per cent lower at Rs 874.50 apiece on the BSE. The acquisition price of Rs 880 per share was therefore slightly above the stock’s closing price on the day.
The latest transaction represents a transfer of shares within the promoter group rather than an increase in the aggregate promoter holding in the FMCG company.
