There is a new twist to the succession plan for Basant Kumar Birla-controlled Kesoram Industries.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Speaking on the sidelines of the company's annual general meeting, Birla said, the company would be jointly managed his daughter, Manjushree Khaitan and grandson, Kumar Mangalam Birla, once he retired.</P>
</p><p class='TableClas'>Birla ruled out splitting the company between Manjushree Khaitan and Kumar Mangalam Birla. He said, the shareholders' rights would be protected. </P>
</p><p class='TableClas'>However, ultimately the fate of the company would be decided by Khaitan and Kumar Mangalam Birla.</P></p><p class='TableClas'></p></table>


New twist to Kesoram succession plan

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