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When succession plan is just a letter

There was no will; no other binding documents; no family constitution - just a letter, prompting a leading lawyer to say it couldn't get more absurd than this.

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5 min read Last Updated : Jul 16 2020 | 10:40 PM IST

The Hindujas have always presented a happy family story where the four brothers, their wives, children and grandchildren stand together like a rock. In the past, the brothers even went public with their belief that they were like Ram, Lakshmana, Bharat and Shatrughna — “four bodies, one soul”. The script has, however, just taken a different turn as far as their business relationships are concerned.

The brothers perhaps took the “four bodies, one soul” theory a bit too seriously; so much so that the succession planning at Britain’s second wealthiest family with an over $20 billion fortune was limited to just

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

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