Succession battle breaks out at TVS as camps disagree over business division, family MoU

Venu and his son Sudarshan claim that a family asset division was completed, while Mallika Srinivasan and her daughter Lakshmi argue that the division did not occur. The disagreement focuses on a memorandum of understanding that separates asset management from ownership. The dispute is further fueled by large differences in the market value of the companies each side controls.

Deep disagreements over inheritance have emerged between Venu and Mallika Srinivasan's children, leading to potential legal action. While Venu and son Sudarshan believe a family asset division occurred, Mallika and daughter Lakshmi disagree. The conflict centers around a memorandum of understanding related to asset management versus ownership. Significant differences in the market value of their respective companies have intensified the dispute.

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