Versuchen GOLD - Frei
InterContinental's Ghais feud
Mint Kolkata
|July 21, 2025
Ravi Ghai, son Gaurav Ghai locked in dispute involving shares of Graviss that operates iconic Marine Drive hotel
The Graviss Group, the founders of Kwality Ice Creams and South Bombay landmarks such as Gaylord's and the erstwhile Nataraj hotel, are embroiled in a familial dispute that is turning acrimonious. The fault lines run between Ravi Ghai, the son of Kwality founder IK Ghai, and his son Gaurav Ghai. It involves shares of Graviss Hospitality Ltd, the ₹300-crore market capitalization company that owns and operates the InterContinental Hotel on the city's iconic Marine Drive promenade.
As part of a family settlement agreement signed in 2021 and a supplementary agreement signed in 2023, Ravi Ghai transferred all his stake in all the group's private companies to his son for a payment of ₹105 crore. Mint has seen a copy of these agreements.
Ravi Ghai also received payments when the Graviss group exited a joint venture making non-dairy cream. In all, he received ₹235 crore net of taxes between 2021 and 2024.
Diese Geschichte stammt aus der July 21, 2025-Ausgabe von Mint Kolkata.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Kolkata
Mint Kolkata
Man U co-owner Avram Glazer said to weigh RCB bid
Avram Glazer, the co-owner of Manchester United, is making a bid for Indian Premier League team Royal Challengers Bengaluru, according to people familiar with the matter.
1 mins
February 20, 2026
Mint Kolkata
Brokers for deferring RBI’s prop funds norms
A top forum of brokers has sought regulatory intervention to defer the implementation of recent Reserve Bank of India directives to banks to tighten funding to proprietary traders as part of its capital market exposure norms to take effect on 1 April.
1 min
February 20, 2026
Mint Kolkata
Data centres in space? Let's hope AI eases life on Earth
Every week, the claims for artificial intelligence (AI) become more stratospheric.
3 mins
February 20, 2026
Mint Kolkata
Will PhonePe IPO buoy Paytm?
Shares of One97 Communications Ltd, parent of fintech firm Paytm, have been in focus amid news flow around the potential valuation of PhonePe’s upcoming public issue.
2 mins
February 20, 2026
Mint Kolkata
Street backs textile firms ready to pivot
Investors are rewarding adaptive textile firms, even if near-term earnings remain under pressure
3 mins
February 20, 2026
Mint Kolkata
A bike built for those long, rocky adventures
The Apache RTX 300 offers an appealing mix of balance and speed—enough to make passers-by slow down and admire it
4 mins
February 20, 2026
Mint Kolkata
‘India set to benefit as AI costs plunge’
Thecost ofdeployingand running artificial intelligence (AI) applications is falling at an exponential pace, potentially making AI tools affordable at scale across India sooner than expected, accord ing toSam Altman, co-founder and chiefexecutive of Open AI, one of the world’s most valua-blestartups.
2 mins
February 20, 2026
Mint Kolkata
WHAT INDIA'S TOP MONEY MANAGERS REALLY THINK
Real choices behind professional investing wisdom—strategies, biases, fears and blind spots that define how they arrive at their investment decisions
1 min
February 20, 2026
Mint Kolkata
Navitaire outage briefly halts IndiGo, Akasa, AIX check-ins
A global technology outage involving airline reservation platform Navitaire briefly disrupted operations of carriers including IndiGo and Akasa Air on Thursday morning for about half an hour, before systems were restored, according to two people familiar with the matter.
2 mins
February 20, 2026
Mint Kolkata
Selling AI software isn't as easy as it used to be
The golden age of unbridled spending on AI software might be behind us, as vendors say it's a lot harder to make a sale than it used to be.
3 mins
February 20, 2026
Listen
Translate
Change font size