A family feud within India s Kalyani Group has escalated, with sibling rivalry between Bharat Forge Chairman Baba Kalyani and sister Sugandha Hiremath over control of Hikal. Legal battles, ownership disputes, and boardroom struggles have unfolded, shedding light on the family s complex financial legacy.
Kalyani group feud: Baba Kalyani's nephew, niece move to Pune court for division of assets | Business News indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
BSE's Sensex jumped 241.86 points, or 0.34 per cent, to settle at 71,106.96. NSE's Nifty50 gained 76.25 points, or 0.36 per cent, to end the day at 21,331.30 for the day.
Alkem Labs, Sanofi India, Bajaj Auto and Hero MotoCorp among 118 stocks that hit 52-week high; 12 touch 52-week low financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders.
The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity.
Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.