Fresh salvo in Oswal family succession battle

Pankaj Oswal issues legal notices to mother, group companies seeking transmission of shares

The succession battle for the estate of late business tycoon Abhey Oswal has begun simmering again, with his eldest son Pankaj Oswal serving fresh legal notices to his mother Aruna Oswal and her associates. 

Pankaj is claiming a fourth share in the estate that includes shares in two listed firms — Oswal Greentech (OGL) and Oswal Agro Mills (OAML). The top management and board of the two companies are among the respondents. 

In the notices, Pankaj has sought transfer of 13.38 million OGL shares and 7.13 million OAML shares in his favour. On Tuesday, OGL shares fell 4.38 per cent