Billionaire Heritage Fight is placed in the Messy Faccession of India

In June, Indian Tycoon has suddenly had a passionate force in India in a giant automotive.

Sunjay Kapur, 53 years old, was a heart attack on June 12 while he was playing in the UK Surrey. He was inherited by Sona Comstar’s heir to $ 3.6 million (£ 2.7 billion) from his father. The company has a global footprint between India’s car components, India, China, Mexico and the USA.

Polo fan, the Capura India’s Capital Delhiko elite moved in the social circles, and shared friendship with Prince William. He married three times – Nandita Mahtani designer, 90s Charisma Kapoor 90s before marriage priya Sachdev, former model and former entrepreneur in 2017.

But a few weeks of died, Sequal questions have become the subject of the capacity of the cap and his family media.

At the heart of this is Kapur’s mother Kapur, former President of Sona Comstar.

On July 24, Rani Kapurren sent a letter to the Sona Comstar Commission, raising questions about the death of his son and the appointment made by the company.

In the letter he saw BBC, he believed that the death of capers are “very suspicious and unexpedient circumstances.”

The Surrey Coroner’s office said to BBC after a postmortem, determined that he died for natural causes of cap. “Research has been closed,” the offices said.

Rany capers have also signed the result of his son’s death and astonishing impatience.

“It’s unfortunate while family and I continue to mourning, some people have chosen to control control and understand the heritage of the family,” he wrote.

He also asked the Sona Comstar Commission to delay the annual General Assembly (AGM), which was established for July 25 – to decide a new director of the family representative.

Rani capers did not determine who “some people” said, but Sona Comstar named AGM the next day and nominated as an executive director of SunJay’s wife Priya.

In his letter, he claimed that Rani capers would leave his husband’s only beneficiary in 2015 in 2015, the majority of the Sona Group was partner, including Sona Comstar.

The company has denied hard claims to Rani Kapur and said “It does not have roles, direct or indirect, from Sona Comstar, at least since 2019.”

The Council also said he would not know that he delayed his warning and is asked by the AGM “law”.

He has contacted BBC with questions with Sona Comstar, Rani Kapur and Priya Sachdev.

Including public shareholders, banks, mutual societies and financial institutions, 71.98% of Sona Comstar appears in India exchanges like Sona BLW.

The remaining 28.02% developers are conducted through a company called Aureus Investments Pvt Ltd.

According to the company’s archives, the SunJay Kapur was the only beneficiary of RK Family Trust, which controls the participation of Sona Comstar’s promoters through Aureus investments.

“Looking at the company’s structure, Rani Kapur does not have an investment in voting rights. However, Tushar Kumar, in the Supreme Court of India, is a corporate court.

The feud of the Kapur family is not isolated.

90% of the companies listed in India are controlled by families, but only 63% have a formal succession plan, according to a PWC survey.

Kavil Ramachandran say that most Indian business schools in India is “significant ambiguities about specifications”.

“Such (the field) is one who owns and when he is inherit and when,” he added.

Experts say that the family involvement without meritocracy and not having a formal agreement complicates issues.

“Patriarch (or earlier) disappear around property and management, and overwater, for the bridge, for the subjects to live,” Kintan Dalal said that Indian business families advise themselves.

India Inc. plays with the bitter battle of the successor that takes over and over again.

Mukesh Ambani, the most rich man in Asia, was once very well Fight against the public With his younger brother, after his father, the empire above the empire through the empire Dhirubhai Ambani died in 2002 without leaving a will. Their mother, Kokilaben, took the peace years later.

Recently, family feudes in Raymond Group, among the most famous companies in India and Lodgha brothers, built the company in Mumbai.

All of this has often been a great cost to the shareholders of India.

“Anyone who had infinite control in the right ends, the stock prices are lowered and (yet) perceives the company’s future,” says Sandep Nerlekar, Director of the Therentia Foundation, Director of the Terentia Foundation.

But some families are bitten once, twice shy.

The Bajaj family, one of the largest conglomatives in the country, had an internal misfortune above Sequence, to resolve the conflict until the courts entered the 2000s.

Patriarcha mapped a subsequent plan of the group by distributing responsibilities between his sons and cousin. According to the company’s statement, the Group works through a consensus through a family council.

Last year, one of the oldest business houses in India, the lock-real estate team, announced that characteristically helpfully helping a billion dollar business.

“Families have to work like a good table with teeth. In addition to long-term business. In addition, the next generation must take time and the patriarch should take time not to happen,” says Nerlekar.

Mukesh Ambani’s likes seem to have taken seriously, After three children started wearing in advance.

Mr. Ramachandran says that the sequence is not something that can be decided “all night”.

“Preparation of the family and the operating group in a planned transition period is crucial.”

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