Shares of Godrej group’s listed companies were trading on a mixed note on Thursday, with Godrej Industries tumbling nearly 9 per cent, while Godrej Agrovet climbing over 5 per cent, after the founding family of the 127-year-old group reached an agreement to split the conglomerate.
The stock of Godrej Industries tanked 8.60 per cent to Rs 877.95 on the BSE even after a firm beginning.
Shares of Godrej Properties plunged 6.25 per cent to Rs 2,482.90.
Astec Lifesciences stock also dipped by 2.15 per cent to Rs 1,259.85, despite rallying nearly 9 per cent during the early trade.
However, shares of Godrej Agrovet jumped 5.58 per cent to Rs 575.05 and Godrej Consumer Products climbed 2.82 per cent to Rs 1,253.95.