Murugappa Group’s promoters are actively working towards a new family settlement. The goal is to resolve disagreements and facilitate a three-way split. Advisors are helping with a legally sound and tax-efficient separation structure. The evolving consensus includes right of first refusal on share transfers. Businesses with higher valuations will contribute proportionately.
Asian shares slip as Middle East unrest deepens
Oil prices are rising. Asian stocks are mostly down following Wall Street’s losses. Middle East tensions are escalating. There is concern about potential US involvement.
June 18, 2025