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After 3 years, the family’s regressive gender bias is clear: Valli Arunachalam

Valli Arunachalam and her family have sent a legal notice to the Murugappa family members and the holding company Ambadi Investments (AIL), in which she holds 8.15 pc stake.

After 3 years, the family’s regressive gender bias is clear: Valli Arunachalam
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Valli Arunachalam, daughter of Murugappa Group?s former executive chairman M.V. Murugappan

Chennai

In the notice shared with the media, Valli said it would be impossible to enumerate each step they had taken over the last three years.

“We can assure you that we, together with our advisors, have taken the leave no stone unturned approach in an effort to bring about an amicable settlement. Such efforts include, inter alia, a proposal for the engagement of an independent mediator. Each entreaty has been met with some combination of silence, combativeness, false assurances, and delay tactics. Given how the Murugappa family has treated our family branch over the past three years, we have no confidence that our substantial stake in the family business will be safeguarded by them. Perhaps most confounding to us is that the Murugappa family has attempted to project their stand as principled and righteous.”

“What is clear to us after three years is the family’s tactics are nothing more than a robe to conceal their socially regressive gender bias. With only female heirs, the historically male dominated family business is effectively asking that my family assume a second class standing in AIL without any of the rights or privileges enjoyed by other families (many of whom have equal economic interests). A considerable portion of my late father’s estate is tied to AIL, and it is entirely unreasonable to expect my family to relinquish control and visibility over these holdings to the broader Murugappa family.”

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