Poging GOUD - Vrij
View split over valuation of 4 KK Modi firms
Business Standard
|June 07, 2024
Samir and Lalit Modi, who are sons of the late industrialist K K Modi and are in a dispute with their mother, Bina Modi, have valued the share of the family in the trust through which it controls four key companies of their group at over ₹29,000 crore.
The companies include flagship Godfrey Phillips India (GPI), Indofil, Modicare, and Colorbar.
The valuation, however, is far higher than what the trust has made around ₹12,000 crore.
Samir has offered a binding agreement to sell his 25 per cent share (the four members of the family - Bina, Samir, Lalit, and Bina's daughter, Charu have 25 per cent each in the trust) in the trust.
The key question would be on what the fair value of the shareholding is.
According to the senior management of the KK Modi group, in which Samir is executive director in GPI, the valuation of the four companies came to around ₹29,644 crore.
Dit verhaal komt uit de June 07, 2024-editie van Business Standard.
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