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Murugappa Group's woman heir seeks seat in holding firm's all-male board
short by Krishna Veera Vanamali / on Sunday, 5 January, 2020
Late patriarch MV Murugappan's daughter Valli Arunachalam has sought a seat on the male-only board of Ambadi Investments, ₹37,000-crore (revenue) Murugappa Group's holding company. Along with her mother and sister, Valli inherited 8.15% stake in Ambadi, whose promoter stake is owned by seven branches of the family. She demanded that female heirs be given equal opportunity in the family business.
read more at The News Minute