Billionaire Rishad Naoroji gifts shares in Godrej companies to relatives: Report

Billionaire Rishad Kaikhushru Naoroji, a low-profile member of Godrej Group, has decided to gift most of his company shares to nephews and nieces, Mint reported. The decision comes after the Godrej family amicably split the 127-year-old business. Rishad holds shares in several listed and unlisted Godrej companies, including Godrej Agrovet, Godrej Consumer, Godrej Properties, and Godrej Industries.