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Murugappa Group revamp: 20-yr-old corporate advisory board to be disbanded

Instead of the board, which was managed by a family member and five outsiders, the group and individual companies will now be led by senior family members

Topics
Murugappa Group | Cholamandalam Investment | Coromandel International

T E Narasimhan  |  Chennai 

The Rs 38,000-crore Murugappa group has decided to dismantle its two-decade-old non-statutory Murugappa Corporate Advisory Board. Instead of the board, which was, which was led by a family member and five outsiders, the group and individual companies will now be led by senior family members.

Until recently, M M Murugappan was the chairman of the advisory board. Three Murugappa group companies – Coromandel International, Cholamandalam Investment and Finance Company and Tube Investments of India – on November 11 announced that Murugappan was superannuating and that additional ...

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First Published: Tue, November 24 2020. 17:07 IST
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