Business Standard

Gave binding offer to sell 25% of my shares to mother, says Samir Modi

One member of each branch will have a permanent position in all the companies till they have been sold. My father wanted equality and fairness among the four of us, Samir said

K K Modi Group
Premium

Samir Modi

Surajeet Das Gupta Mumbai

Listen to This Article

K K Modi Group Chairperson Bina Modi is locked in a battle with sons, Samir and Lalit, over control of four key firms — Godfrey Phillips India (GPI), Indofil, Modicare, and Colorbar.The battle escalated last week with Samir filing a first information report (FIR), blaming his mother and the board for orchestrating an assault on him and not allowing entry into an audit committee meeting, to which he was invited. GPI retorted, saying he was not a member of the audit committee but tried to enter forcefully. GPI Executive Director SAMIR MODI, in an interview with Surajeet Das Gupta in

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in