Business Standard

Usha Martin's Rajeev Jhawar open to family settlement

Usha Martin has been at the receiving end of the family war that broke out about a couple of years back.


Ishita Ayan DuttDev Chatterjee
In the first faint signs of rapprochement amid a pitched battle over Usha Martin, Rajeev Jhawar, one of the promoters, said, he was open to a settlement. 

The two promoter factions - Brij Jhawar, his son, Rajeev Jhawar, on one side and Basant Jhawar, with son, Prashant Jhawar, on the other - have an equal share in Usha Martin, which is the most prized entity with a turnover of Rs 36.05 billion in the group. Each of the two sides holds 25.5 per cent each in Usha Martin. However, a family settlement would include other companies too like Usha Martin Education

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 30 2018 | 1:11 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to