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Family feud between Baba Kalyani, sister for Hikal stake escalates
The New Indian Express Mangaluru
|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.
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