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Kirloskar Companies to Contest Sebi's Demand for Family Settlement Disclosure

share-iconWednesday, January 01 comment-icon1 month ago 13 views
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indiatimesINDIATIMES
Kirloskar Companies to Contest Sebi's Demand for Family Settlement Disclosure

Credited from: INDIATIMES

  • Four Kirloskar companies announced their intent to legally dispute a letter from the market regulator Sebi.
  • Sebi has requested disclosure of the deed of family settlement (DFS) established on September 11, 2009, among Kirloskar family members.
  • The companies argue they are not bound by the DFS and that it imposes no restrictions or liabilities on them.
  • A long-standing family feud over the DFS has been ongoing since 2016, currently under review by civil courts.
  • The companies are preparing to file appropriate legal actions to challenge Sebi's request, claiming factual inaccuracies in Sebi’s correspondence.

For the original article, visit Times of India.

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