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Lalit Modi (left) and Samir Modi (right) have valued the family’s stake in the trust at over ~29,000 crore
Samir and Lalit Modi, sons of late industrialist KK Modi and who have a dispute with their mother, Bina Modi, have valued the family’s share in the trust through which they control four key companies of their group at over Rs 29,000. crore.
The companies include flagship Godfrey Phillips India (GPI), Indofil, Modicare and Colorbar.
However, the valuation is much higher than what the trust made – around Rs 12,000 crore.
Samir has offered a binding agreement to buy his 25 percent share (the four members of the family – Bina, Samir, Lalit,
First print: June 6, 2024 | 11:47 PM IST