Inox Group to split between two Jain brothers in 'amicable settlement'

Pavan gets Inox Leisure, India's second-largest multiplex company; Vivek to control speciality chemicals and green energy businesses.

The Inox Group will split between brothers Pavan and Vivek Jain in an "amicable family settlement" for the century-old business, multiple news reports said on Wednesday.

Pavan Jain gets Inox Leisure, India's second-largest multiplex company, and Inox Air Products. Vivek, his younger sibling, gets speciality chemicals and green energy businesses Gujarat Fluorochemicals, Inox Wind, and Inox Wind Energy, said the 'Economic Times'.

Devendra Jain, their father and the group’s patriarch, recently signed a family accord over running the businesses.

Devansh Jain, group executive director and son of Vivek Jain, told the newspaper the settlement was amicable. "We have started a