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RKN Enterprises, a part of Godrej Industries Group, sold its stake in Godrej Properties and Godrej Agrovet to members of Godrej Industries Group for Rs 16.52 billion as part of the Godrej family settlement announced in April. Block deal data from the National Stock Exchange (NSE) indicated that RKN Enterprises offloaded 41.46 lakh shares, or a 2.16% stake, in Godrej Agrovet. These shares were sold at an average price of Rs 800.05 each, amounting to a total deal of Rs 3.31 billion. Additionally, RKN Enterprises sold 39.86 lakh shares, amounting to a 1.43% stake, in Godrej Properties. These shares were disposed of at an average price of Rs 3,313.90 each, resulting in a deal value of Rs 13 billion. The shares of the two companies were acquired by promoters Freyan Crishna Bieri, Jamshyd Naoroji Godrej, Navroze Jamshyd Godrej, Nyrika Holkar, and Smita Godrej Crishna at the same price, thereby increasing their stakes in Godrej Properties and Godrej Agrovet. Previously, Godrej Properties and Godrej Agrovet had announced that Jamshyd Naoroji Godrej, Navroze Jamshyd Godrej, Smita Godrej Crishna, Nyrika Holkar, and Freyan Crishna Bieri (Acquirers) would acquire shares in both companies from RKN Enterprises (Transferor). GPL and GAVL stated in separate filings on July 4 that the Acquirers and the Transferor had been classified as members of the Promoter Group of Godrej Properties Ltd (GPL) and Godrej Agrovet Ltd (GAVL) for more than three years in terms of the SAST regulations. Shares of Godrej Agrovet rose 1.19% to close at Rs 809.60 each on the NSE, while shares of Godrej Properties fell 0.42% to settle at Rs 3,300 each. On Monday, RKN Enterprises sold shares worth Rs 3,803 crore in Godrej Industries Ltd to members of Godrej Industries Group as part of the Godrej family settlement announced in April. In April, the founding family of the 127-year-old Godrej Group, which spans from soaps and home appliances to real estate, reached an agreement to split the conglomerate. Adi Godrej and his brother Nadir will retain Godrej Industries, which has five listed firms, while cousins Jamshyd and Smita will get unlisted Godrej & Boyce and its affiliates, as well as a land bank, including prime property in Mumbai. Adi and Nadir Godrej will lead Godrej Industries Group, comprising listed companies such as Godrej Industries Ltd, Godrej Consumer Products Ltd, Godrej Properties Ltd, Godrej Agrovet Ltd, and Astec Lifesciences Ltd. Seventy-five-year-old Jamshyd Godrej will lead Godrej Enterprises, which includes Godrej & Boyce Manufacturing Co., operating in sectors like aerospace, aviation, defense, energy, construction, IT, and software, while his niece Nyrika Holkar will serve as executive director. While both groups will continue to use the Godrej brand name, they have signed a six-year non-compete pact restricting them from entering each other's domain. After the non-compete period expires, they can venture into each other's domain but cannot use the Godrej name for that purpose. The split was executed through the transfer of shares rather than value. Adi and Nadir Godrej will divest their stakes in Godrej & Boyce to the other branch, while Jamshyd Godrej and his side of the family will transfer interests in Godrej Consumer Products (GCPL) and Godrej Properties to their cousins through a family arrangement. To facilitate the split, the two sides resigned from the boards of companies in rival camps. Adi and Nadir Godrej resigned from the Godrej & Boyce Board, while Jamshyd Godrej left his seat on the boards of GCPL and Godrej Properties. Nadir Godrej, 73, will serve as chairperson of Godrej Industries Group (GIG). Adi Godrej's son, Pirojsha Godrej, will be named chairperson of GIG, succeeding Nadir Godrej in August 2026.