Priya Kapur, son own trust behind Sona Comstar

Who owns the family trust behind the promoter company of Sona Comstar? The question that has lingered since the death of Sona Comstar chairman Sunjay Kapur finally has an answer: Priya Sachdev Kapur and Azarias, wife and son respectively of the late industrialist.

- Ayaan Kartik & Nehal Chaliawala

Aureus Investment Pvt. Ltd, the single largest shareholder in Sona Comstar with a 28% stake, on Thursday informed the Union ministry of corporate affairs (MCA) that the wife and son are its significant beneficial owners, given their ownership of RK Family Trust and Raghuvanshi Investment. The two companies together own 92% stake in Aureus.

Mint has seen a copy of the MCA filing, made within 72 hours of Sona Comstar's top boss stating that the company doesn't know who owns the family trust behind Aureus, Sona Comstar's largest individual shareholder.

The Aureus filing comes as a setback for Rani Kapur, Sunjay's mother who has questioned appointments on the Sona Comstar board on behalf of Aureus. She had also unsuccessfully tried to defer the Sona Comstar annual general meeting (AGM) where Priya was appointed non-executive director with 99% votes.