Godrej Sets Up Family Office, Aims To Invest In New-Age Biz: Report
According to media reports, Nadir Godrej said that the family office would start with a few hundred crores and raise funds when opportunities arise
Photo Credit : globaleye.com,
The promoters of Godrej Industries Ltd are reportedly setting up a family office to invest in new-age businesses, pursue riskier bets in unrelated segments and incubate new ideas.
With prolonged cancellation of flights by Go First, Air India, and IndiGo have reportedly increased the flight frequencies on several busy routes to fill the vacuum.
The family office would start with a few hundred crores and raise funds “when opportunities arise," said Nadir Godrej, 72, the younger brother of group chairman Adi.
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