1 year ago
Sona Comstar Family Feud Intensifies Over Ownership
After the death of Sunjay Kapur, the chairman of Sona Comstar, a fight erupted within his family about who should control the company.
Mandhira Kapur is contesting the transfer of ownership within the family trust and the company.
The disagreements go back several years, even before Sunjay's death, with disputes over the company trademark.
The siblings are battling over control and inheritance of their father's business legacy.
Mandhira Kapur disputes the transfer of ownership of the RK Family Trust.
The dispute involves the estate of the late Surinder Kapur.
Mandhira Kapur questioned the RK Family Trust ahead of Sona Comstar's 2021 IPO.
A legal battle over trademark rights for 'Sona' occurred between siblings.
Rani Kapur claims she was unaware of the contents of documents she signed.
- Who
- Involved are Mandhira Kapur, Rani Kapur, and the late Sunjay Kapur and his wife Priya Sachdev Kapur.
- What
- A family dispute over the ownership and control of Sona Comstar.
- Where
- The primary company is based in Gurugram, India.
- When
- Disputes began before 2021, intensifying after Sunjay Kapur's death in June.
- Why
- Disagreements over inheritance and control of the RK Family Trust and Sona Comstar.
Kapur Sisters' Concerns
Sona Comstar's Position
Succession
Kapur Sisters' Concerns
Mandhira Kapur questions the transfer of power to Priya Sachdev Kapur and the control of the RK Family Trust.
Sona Comstar's Position
No explicit counter-view found in the articles.
Exclusion
Kapur Sisters' Concerns
Mandhira Kapur claims she and her mother were excluded from the company.
Sona Comstar's Position
No explicit counter-view found in the articles.
Document Knowledge
Kapur Sisters' Concerns
Rani Kapur claims she was unaware of documents she signed.
Sona Comstar's Position
No explicit counter-view found in the articles.
Key facts
- Company
- Sona Comstar
- Deceased
- Sunjay Kapur
- Promoter Entity
- Aureus Investment Private Ltd
- Stake in Aureus
- RK Family Trust controls over two-thirds
- IPO Year
- 2021
- IPO Price
- ₹291 per share
Quotes
Mandhira Kapur
Daughter of Surinder Kapur
“We didn't know. We had to look into this stuff. We have learned that everything was put into this so-called trust, which I don't know how. We don't know anything. We're still finding out stuff. My father left everything to my mother. My father and mother founded Sona. So to tell my mother at 80, you have nothing to do with the company she built, I think is a little absurd.”
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“As per the DRHP (draft red herring prospectus), it seems that my brother is trying to usurp my father’s entire estate to himself for which he has created RK Family Trust. The details of the trust are shrouded in mystery.”
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