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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.

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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

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

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