Ready for talks to settle Murugappa family dispute: Valli Arunachalam

Eldest daughter of former Murugappa Group exec chairman M V Murugappan was the one who had taken family members to NCLT

Valli Arunachalam, the eldest daughter of former Murugappa Group executive chairman M V Murugappan and the one who had taken Murugappa Group family members to the National Company Law Tribunal (NCLT), said on Monday that she is open for talks with other family members to find an amicable solution to the dispute.

In an interaction with Business Standard, she said she was hopeful of a favourable decision from the tribunal. Valli Arunachalam, her sister and their mother, were demanding a board seat in Murugappa Group’s holding company Ambadi Investments (AIL) or a suitable value for their 8.23 per cent shareholding