How would it flow to Godrej Industries?
It will not flow to Godrej Industries. It will accrue to Godrej Properties. They will do a joint venture with Godrej Industries. For example, we are doing a joint venture with Simplex Mills called Planet Godrej, that is building five 48-storey towers. Two are almost ready for delivery now. This is a profit-sharing venture. When occupied these will be the tallest residential buildings in India. How much does Godrej Industries own in Godrej Properties? 83%, and balance 17% is owned by the family. And the Godrej family owns 86% of Godrej Industries. On Godrej Agrovet, do you have any plans to shift more plants as also alter their holding structure? They are leaders in animal feeds. They are leaders in oil palm in India, they are leaders in packaged branded chicken and now snack-chicken packs. There are lot of growth opportunities. It has many factories. A lot of it is real estate acquired over the last 30 years and will appreciate in value. We can shift the operations or the plants farthe
It will not flow to Godrej Industries. It will accrue to Godrej Properties. They will do a joint venture with Godrej Industries. For example, we are doing a joint venture with Simplex Mills called Planet Godrej, that is building five 48-storey towers. Two are almost ready for delivery now. This is a profit-sharing venture. When occupied these will be the tallest residential buildings in India. How much does Godrej Industries own in Godrej Properties? 83%, and balance 17% is owned by the family. And the Godrej family owns 86% of Godrej Industries. On Godrej Agrovet, do you have any plans to shift more plants as also alter their holding structure? They are leaders in animal feeds. They are leaders in oil palm in India, they are leaders in packaged branded chicken and now snack-chicken packs. There are lot of growth opportunities. It has many factories. A lot of it is real estate acquired over the last 30 years and will appreciate in value. We can shift the operations or the plants farthe
