Murugappa Group resolves longstanding family dispute, strikes deal

Necessary transactions to take place within the next 90 days; no impact on listed entities

Chennai-based Murugappa Group has successfully settled a long-standing family disagreement involving Valli Arunachalam, the eldest daughter of the late former Murugappa Group Executive Chairman, M V Murugappan, and other family members.

Valli, along with her sister Vellachi and their mother M V Valli Murugappan, initiated legal proceedings with the National Company Law Tribunal in 2020. They were seeking either a board seat in Murugappa Group’s holding company, Ambadi Investments (AIL), or fair compensation for their 8.23 per cent shareholding in AIL.  

Although the specifics of the settlement remain ‘confidential’, sources indicate that the family members have agreed to undertake “necessary transactions” as