The low-profile promoters of the Rs 37,000-crore Murugappa Group, a Chennai-based conglomerate, are headed for a public spat over asset settlement following the death of the senior-most member and family patriarch, M V Murugappan, two years ago.
Murugappan was also chairman of Carborundum Universal and a trustee of the group’s charity arm. Valli Arunachalam, the older of Murugappan’s two daughters, told Business Standard that she was hopeful of a settlement soon, but would have no option but to “adopt other means available to me if we can’t make this work …
Source: Business Standard
