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The Hindu

National

N Anand

Murugappa Group settles family dispute

Murugappa Group

The members of the Murugappa Group announced that they have agreed to settle the disputes and differences with the family branch of late M.V. Murugappan to maintain the overall peace and harmony within the family.

Differences cropped up between the family branch of late M.V. Murugappan (including Valli Arunachalam and Vellachi Murugappan) and the rest of the family members as Ms. Valli Arunachalam sought a representation on Ambadi Investments, the holding company of the ₹74,220-crore Murugappa Group, post the demise of her father.

In a regulatory filing, the Murugappa Group said that the members of the family first discussed and concluded the terms of the family arrangement amongst themselves at a meeting in the presence of their respective advisors.

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