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Jupiter doubts governance at Godfrey Phillips after Lalit Modi's claim

GPI is part of the KK Modi group of companies, in the news after one of the family members, Lalit Modi, stated all assets of the group are up for sale.

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2 min read Last Updated : Jan 29 2020 | 1:20 AM IST

Concerns on corporate governance at Godfrey Phillips (GPI) was raised in November by Jupiter Asset Management, which has a little over 9 per cent of the former's equity capital. These, Jupiter had contended, lagged the best practices. It cited a report in this regard by Institutional Investor Advisory Services (IIAS).

GPI is part of the KK Modi group of companies, in the news after one of the family members, Lalit Modi, stated all assets of the group (GPI, Indofil Industries, Modicare) are up for sale. He's also tweeted that he does not approve of his mother, Bina Modi, widow of K

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