Tag: family arrangement

MUMBAI: As Bharat Forge CMD Baba Kalyani and his sister, Sugandha Hiremath, battle over the existence of a 'family arrangement' which is crucial to the ownership dispute in Hikal, another aspect of the pact involving younger brother, Gaurishankar, has come to light. According to a clause in the family arrangement inked between Baba and his parents on June 19, 1994, Gaurishankar, who owns nearly 3% in Bharat Forge, is required to transfer his stake to his older brother after the demise of their parents. Their father, Neelkanth Kalyani,...