RKN Enterprises sells 12.65% stake in Godrej Industries for Rs 3,803 cr
Mon, Jul 8, 2024 8:36 PM

RKN Enterprises sells 12.65% stake in Godrej Industries for Rs 3,803 cr

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RKN Enterprises, part of the Godrej Enterprises Group, sold shares worth Rs 3,803 cr in Godrej Industries Ltd to family members as part of a settlement, reducing its stake from 12.65% to 0%. Shares were sold at an average price of Rs 893.05 apiece, with promoters Nadir Burjor Godrej, Pirojsha Adi Godrej, Nisaba Godrej, and Tanya Dubash acquiring the stake, raising their stake in Godrej Industries.

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