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Family feud between Baba Kalyani, sister for Hikal stake escalates
The New Indian Express Bengaluru
|January 15, 2025
THE family feud between the Pune-based Kalyani group led by Baba Kalyani and his sister Sugandha Hiremath who controls a majority in Hikal has taken a murky turn.
The Baba faction shared a letter that the late N Vaghul, ex-head of ICICI, wrote to them on the disputes over the ownership of Hikal shares between Sugandha's husband Jai Hiremath and Surajmukhi Investment & Finance, an erstwhile subsidiary of Kalyani Steels.
Baba, the patriarch of the diversified Kalyani group led by its flagship Bharat Forge, and his sister Sugandha along her husband Jai, are embroiled in a legal battle over the ownership of Hikal (matters are pending in the Bombay High Court and a civil court in Pune).
Cette histoire est tirée de l'édition January 15, 2025 de The New Indian Express Bengaluru.
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