Shares of Godrej Industries, Godrej Consumer Products, and Godrej Agrovet surged between 1% to 5% following news of the family's decision to divide their business empire.

Godrej Industries share price jumped as much as 3% to hit a fresh 52-week high of ₹989.90 apiece on the BSE, while Godrej Consumer Products shares gained 2.8% and Godrej Agrovet share price rallied 5.5%.

Godrej Group's stocks, including Godrej Industries, Godrej Consumer Products, and Godrej Agrovet, saw gains ranging from 1% to 5% in early trading on Thursday following news of the family's decision to divide the conglomerate into two branches.

Godrej Industries' stock surged by 3% to reach a new 52-week high of ₹989.90 on the BSE, while Godrej Consumer Products recorded a 2.8% increase, and Godrej Agrovet saw a substantial 5.5% rally. Conversely, Godrej Properties experienced a 4.4% decline during early trade on May 2.

The Family Settlement Agreement, disclosed on the stock exchanges, outlined that Adi Godrej and Nadir Godrej will retain control of the listed companies. Meanwhile, the unlisted entity, Godrej & Boyce Mfg. Co. Ltd, will transition to the families of Jamshyd Godrej and Smita Crishna, operating under the Godrej Enterprises Group.

The realignment involves restructuring shareholdings among family members based on their inherited businesses and aims to maintain harmony while aligning ownership with differing visions within the family. This move is expected to enhance strategic focus, agility, and long-term value creation for shareholders and stakeholders. Regulatory approvals are pending before the realignment can take effect.