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Topic: Birlas

	Birlas yet to file objections on Lodha's claim
		With the Birlas yet to file their objections to their auditor Rajendra S Lodha's claim over M P Birla group, a late claimant to the Rs 5000 crore (Rs 50 billion) pie decided to adopt a wait and watch policy for the time being.
		The Birlas, who have already filed six caveats, were yet to submit their objections before the Registrar-in-Insolvency where the disputed will of Priyamvada Birla, widow of M P Birla, has been submitted for legal authentication.
		Birla, widow of M P Birla, who died on July 3 leaving no direct heir to the company.
	in.rediff.com /money/2004/jul/29birla.htm (536 words)

	The Hindu : Business : Birlas place Will before court
		The Birlas today placed before the Calcutta High Court what they described as the original of the purported mutual Will of the late M. Birla and the late Priyamvada Birla made in 1982 but sought permission to submit notarised copies of it with their probate application, expressing concern over its safety.
		While placing the purported mutual will before Justice Kalyanjyoti Sengupta, Birlas' counsels, Satyabrata Mukherjee and P. Roy, submitted that it was an original document and as it was not registered they be allowed to submit notarised copies of it along with their probate application.
		This prompted Birlas' counsel to offer to change his prayer even as R. Lodha's counsel, Anindya Mitra, not only opposed Birlas' prayer but also raised doubt over the originality of the will placed in the court by the Birlas.
	www.hindu.com /2004/08/31/stories/2004083103241400.htm (435 words)

	Birla vs. Lodha
		Birla sources also say that both the sisters are contemplating to fight it out in court any attempt by Mr Lodha to obtain probate, depriving them of their share of the property.
		Birla lawyers observed that no copy of the probate petition was served on the four, though rules required them to reply to the probate proceeding within eight days from filing the probate.
		The three-and-half page will of Priyamvada Birla had outlined in different paragraphs her vision of the M P Birla group, her opinion on the way the group was operating and laid down a roadmap for the future restructuring of the group’s businesses and the intention to devote more and funds to charity, according to sources.
	www.incometaxinfo.com /birlavlodha.shtml (14744 words)

	Aditya Birla Group \| Media \| Birlas To Exit Telecom Business At Right Price
		The AV Birla Group does not see itself as a long-term player in telecom and is willing to exit the business for a right price.
		While the fact that the Birlas were looking at exiting Idea had been in the air earlier, the signals subsequently emanating from the group had indicated a rethink on the issue.
		However, Birla Group sources said that Idea would continue to grow and expand through the organic route as well as acquisitions.
	www.adityabirla.com /media/press_reports/20043005_birla_to_exit.htm (339 words)

	Print Article - What the quota panel told the government
		In question is a will left behind by Priyamvada Birla, the chief of the Madhav Prasad Birla group, which bequeaths all of her Rs.50 billion ($1.09 billion) group to a trusted aide and group's co-chairman Rajendra S. Lodha, who is unrelated to the family.
		But, sources said the Birlas might wait for the Lodha to make the first move because he would now have to probate the will, or seek the court's authentication of it, when Birla scions would be called upon for their views.
		Also, lawyers for the Birlas could argue that the ownership issue of their companies was not clear because there were cross-holdings and the companies were considered separate entities so far as their management was concerned.
	www.siliconindia.com /print_article.php?24872 (493 words)

	The Week (Site not responding. Last check: )
		When the Birla clan was not supportive of ‘favourite’ nephew Yashovardhan’s decision to marry Avanti, a Maharashtrian, Priyamvada went out of her way to ensure that the wedding was solemnised with the entire clan in attendance.
		The Birla family is also expected to produce more legal documents in court, including one that bars any of the Birlas from transferring family property outside without a nod from family members.
		Nandini Nopany, K.K. Birla's daughter and one of the directors of Birla Corp., was close to aunt Priyamvada.
	www.the-week.com /24aug01/currentevents_article10.htm (2683 words)

	Gandhi: Patron Saint (Site not responding. Last check: )
		Gandhi gave his blessing to the abundant wealth of Birla with his teaching on trusteeship, a concept which asserted the right of the rich to accumulate and maintain wealth, as long as the wealth was used to benefit society.
		Birla once defensively wrote Gandhi, not in response to rebuke from Gandhi, but to reports that conditions were bad in his mills.
		Birla's preferred method was to quietly strengthen the opposition to Nehru by bolstering the non-revolutionary, right-wing elements in the anti-British camp.
	asnic.utexas.edu /asnic/sagar/spring.1994/leah.renold.art.html (6423 words)

	Businessworld: Palace Intrigue (Site not responding. Last check: )
		The whole idea of the Birlas separating their assets (which happened in 1980s shortly after G.D. Birla's death) was to prevent a power struggle among the inheritors and a messy, ineffectual break up of the empire.
		Birla insiders say that the dynasty's protests have nothing to do with money or control (as is commonly believed) and everything to do with Madho Prasad and Priyamvada's wishes.
		Birlas, being top dog among Marwaris, are not necessarily very popular, and they tend to inspire fear, envy and disrespect almost simultaneously.
	www.businessworld.in /aug0204/coverstory01.asp (3393 words)

	Gandhi: Patron Saint (Site not responding. Last check: )
		Gandhi gave his blessing to the abundant wealth of Birla with his teaching on trusteeship, a concept which asserted the right of the rich to accumulate and maintain wealth, as long as the wealth was used to benefit society.
		When the Birlas attempted to open a jute factory in Calcutta, a British competitor started buying up all the land adjacent to the plot on which the Birlas were to build their factory, forcing the Birlas to move elsewhere.
		Birla's preferred method was to quietly strengthen the opposition to Nehru by bolstering the non-revolutionary, right-wing elements in the anti-British camp.
	inic.utexas.edu /asnic/pages/sagar/spring.1994/leah.renold.art.html (6423 words)

	Aditya Birla Group \| Home
		The Outlook Business CNBC poll (conducted from 1 August to 15 September 2007) has ranked Mr.
		Kumar Mangalam Birla, among India's best brand icons and the most socially responsible leader
		Aditya Birla Nuvo posts satisfactory Q2 FY 2007- 2008 results
	www.adityabirla.com (117 words)

	Birlas to revamp unhealthy African paper subsidiary
		The Birlas are planning to restructure one of the group’s famous overseas subsidiaries — the Pan African Paper Mills — with mounting debt and high operating costs affecting the financial performance of this paper company, considered the largest in Africa.
		The GP Birla-CK Birla group, which has a controlling 54% equity stake in Pan African, Kenya’s largest by size and accounting for almost 60% of the total east Africa market, is exploring options that could also include selling part of its stake.
		The GP-CK Birla group is part of the larger Birla family clan.
	www.print-packaging.com /news/Birlas_Mounting.html (515 words)

	Birlas had acknowledged M.P. Birla had no will: Lodha
		Mitra submitted that as the Birlas had otherwise admitted Priyamvada to be the sole heiress to M.P. Birla’s assets, the claim of the executors of M.P.'s 1982 "will" that they had a caveatable interest was not valid.
		Mitra referred to some cases cited by the Birlas and in turn cited several judgements which he claimed negated the points sought to be established by the Birlas' advocates.
		He submitted that according to the copy of the will produced by the Birlas, for which they had also sought probate, if any of the executor ceased to be so, he could be replaced by another according to the choice of the existing executors.
	www.expressindia.com /fullstory.php?newsid=38869 (537 words)

	Birlas, Tatas fall out over Idea - Deccan Herald - Internet Edition (Site not responding. Last check: )
		Responding to a missive fired by Mr Birla in the shape of a letter to Communication Ministry for “swiftest” action in accordance with licence conditions, Tata Group said that no regulatory compulsion should be imposed on it, as it “needed sufficient time to reduce its holding at a fair value”.
		Birlas have cited the licence condition, wherein the company (in this case Idea Cellular) should not be subjected to competition from its own promoters/substantial equity holders with impermissible holdings in another service provider in the same area.
		Birlas have desired that Tatas should comply with the licence conditions prior to March 3, 2006, a date announced by Department of Telecom for all telecom providers to prove compliance with terms and conditions of the licences.
	www.deccanherald.com /deccanherald/feb242006/business171622006223.asp (803 words)

	outlookindia.com \| wired (Site not responding. Last check: )
		Dismissing Birlas' claim of any caveatable interest in the Priyamvada Birla will case, Rajendra Lodha today submitted before Calcutta High Court that even if there exists a mutual will of 1982 it does not prevent granting of probate of a later will, which he claimed was her final testament.
		Submitting that the arguments posed by the Birlas to support their claim to the property did not establish any caveatable interest in the probate application by Lodha for the 1999 will of Priyamvada, Lodha's solicitor Anindya Mitra claimed that the judgements cited by the Birlas itself were contradictory to their position.
		Birlas had earlied argued that as per a mutual will of 1982 of Priyamvada and her husband, M P Birla, the entire estate was to go to charities after their death.
	www.outlookindia.com /pti_news.asp?id=253981 (733 words)

	Birla Blues - The late Priyamvada Birla's Will, R S Lodha, MP Birla timeline
		Birla Corporation will move an ordinary resolution seeking permission of the shareholders so that the ‘vacancy caused by the demise of Priyamvada be not filled up at present’, according to the company’s notice for the annual general meeting.
		Gajanan is grandfather of Yashvardhan Birla, one of the caveators.
		He said the caveatable interest of the Birlas lies in the fact that they are keen to ensure that the property of MP Birla, who belongs to a common ancestry, goes to charity and philanthropy rather than for serving the personal interest of an individual.
	www.dancewithshadows.com /birla_will.asp (6991 words)

	Birlas plead for administrators on M P Birla group
		Birla counsel S B Mookherjee said that trusts, to which Rs 2,500 crore in properties were given, were revoked just three days before the execution of the purported will of Priyamvada Birla of 1999.
		Birlas are engaged in a bitter legal battle against Lodha for the last two years after the latter claimed that the entire estate of M P Birla was bequeathed to him by Priyamvada Birla, widow of M P Birla, by a purported will of 1999.
		Birlas claimed that the entire estate must go to charities as per a purported mutual will of M P Birla and Priyamvada of 1982.
	news.tradingcharts.com /futures/2/3/85810132.html (333 words)

	Asia Times Online - The best news coverage from South Asia
		Birla family members were ignored in the bequests, much to their shock, when the will of deceased matriarch Priyamvada Birla (76) was read at the family mansion Birla Park in Kolkata on July 12.
		With seven distinct groups within the Birla clan, of which the MP Birla Group is one, the combined family assets are estimated to be in the region of $8.8 billion.
		Given the power of the Birlas, and the corporate-dependent Indian media, most analysts are not venturing forth on the pros and cons of the disputed legacy beyond suggesting a compromise being the better option than a long-drawn court battle.
	www.atimes.com /atimes/South_Asia/FG27Df01.html (1236 words)

	Lodha files caveat on Birlas application - Sify.com (Site not responding. Last check: )
		A day after Birlas moved to probate two mutual wills of M P Birla and his wife Priyamvada Birla by which the entire assets of M P Birla group would go to charities, their auditor and purported inheritor of the assets, Rajendra Lodha, decided to challenge it.
		Lodha, an auditor of a number of Birla companies, had already claimed that the entire assets of M P Birla group worth Rs 5000 crore was bequeathed to him by a purported will of Priyamvada Birla made in April 1999.
		Birlas had claimed that as per the mutual wills made in 1982 the M P Birla group assets would go to charities after the death of Madhav Prasad Birla and his wife, Priyamvada Birla.
	sify.com /fullstory.php?id=13547100 (319 words)

	Birlas file counter to Lodha petition - Sify.com
		K.K. Birla, B.K. Birla, G.P. Birla and Y. Birla on Wednesday filed four separate oppositions to the petition filed by R.S. Lodha seeking discharge of the caveats filed by the four Birlas, in the probate proceedings of the last will and testament of the late Priyamvada Birla, wife of the M.P. Birla.
		In the oppositions, the Birlas claimed that they have interest in the estate left by the late M.P. Birla as much as they have the right to file caveats in the probate case filed by Lodha.
		The Birlas, it was contended, believe that the will, of which Lodha is claiming as an executor, is not the actual will of the late Priyamvada Birla, and so to obstruct Lodha's intervention into the Birla properties, all caveats have been filed.
	sify.com /fullstory.php?id=13542414 (403 words)

	rediff.com: Money channel - Birla vs Lodha: War over a will
		Birla Global to remove Lodha firm as auditor
		Birlas to move court on receiver for assets
		Birlas yet to file objections on Lodha's claim
	www.rediff.com /money/birla.htm (132 words)

	Birlas close to acquiring Tatasâ 48% stake in Idea-Emerging Business & IT-New@ET-News-The Economic Times (Site not responding. Last check: )
		MUMBAI: The Aditya Birla Group and the Tatas are close to finalising the Idea Cellular deal wherein the Birlas are acquiring the 48% stake of the Tatas in Idea.
		However, the Birla plan to place a part of the stake with financial investors is unlikely to take off simultaneously.
		The Birlas are said to be talking to financial investors, including private equity players and hedge funds, to place a part of the Idea equity.
	economictimes.indiatimes.com /articleshow/1637798.cms (467 words)

	BUSINESS TODAY
		The Birlas justify the huge gap in the two prices by contending that the deal with the Ambanis was "a negotiated purchase," which is completely different from an open offer.
		SEBI's contention is now that the Birlas had got a foot in, they might have exercised control-difficult as it may seem for the group's two board representatives to influence a 17-member board-by making, or even attempting to make, policy decisions.
		At the time of writing, the Birlas were still weighing their options, the obvious one being to appeal in the higher courts.
	www.india-today.com /btoday/20021222/mna.html (1963 words)

	BBC NEWS \| World \| South Asia \| Widow's billions go to accountant
		BK Birla said there was "perfect harmony" in the family to challenge the bequest to a "complete outsider".
		She ran the MP Birla group of companies after his death, until her own death last week at the age of 76.
		BK Birla said: "The family members have examined the will and the consensus is that we have the moral and legal right to challenge the validity of the will.
	news.bbc.co.uk /1/hi/world/south_asia/3893529.stm (451 words)

	DNA - Money - Lodha files Rs 100 cr defamation suit against Birlas - Daily News & Analysis
		Birla patriarch Basant Kumar Birla and several others, including a PR company of the Birlas, were made respondents in the case, he said.
		The Birlas and Lodha are engaged in a bitter legal battle for control of the Rs 5,000 crore assets of the MP Birla group after the death of Priyamvada Birla in July 2004.
		Lodha's claim that the entire estate has been bequeathed to him by a purported will of Priyamvada made in 1999 was challenged by the Birlas claiming that the entire estate should go to charities as per a mutual will of MP Birla and Priyamvada made in 1982.
	www.dnaindia.com /report.asp?NewsID=1061656 (502 words)

	Trinethra gives Birlas retail edge
		But given Kumar Birla's passion for quality, the supermarket may get a completely different look and styling," he said.
		Despite the entry into the retail bandwagon of Reliance, Bharti, the Tatas and now the Birlas, smaller retail players are confident of their existence.
		Birla group sources said Trinethra CEO Pranab Barua and MD George Thomas would continue to look after the affairs of the retail chain.
	www.rediff.com /money/2007/jan/04birla.htm (503 words)

	Lodha, Birla battle of will turns ugly : Birla, Lodha, Priyamvada, court, defamation suit : IBNLive.com : CNN-IBN
		Birla patriarch Basant Kumar Birla and several others, includiung a PR company of the Birlas, were made respondents in the case, he said.
		The Birlas and Lodha are engaged in a bitter legal battle for the control of the Rs 5,000 crore assets of the M P Birla group after the death of Priyamvada Birla in July 2004.
		Lodha's claim that the entire estate has been bequeathed to him by a purported will of Priyamvada made in 1999 was challenged by the Birlas claiming that the entire estate should go to charities as per a mutual will of M P Birla and Priyamvada made in 1982.
	www.ibnlive.com /news/lodha-birla-battle-of-will-turns-ugly/25277-3.html (291 words)

	[Assam] Birlas to set up heart institute in Assam
		Birlas to set up heart institute in State By Surajit Khaund GUWAHATI, Dec 3 — Leading heart institute in the Country, BM Birla Heart Research Centre has come up with a proposal to set up a modern heart hospital in the State with an investment of Rs 100 crore.
		Borar who is instrumental in pursuing the project in the State, informed that Birla would set up five diagnostic centres with tele-medicines facilities in five locations in the North East very soon.
		BM Birla Heart Research Centre is a super specialty hospital dedicated exclusively to the diagnosis, treatment and research related cardiovascular diseases.
	www.mail-archive.com /assam@assamnet.org/msg09097.html (361 words)

	Zee News - Birlas willing to match Maxis offer for Idea stake: Ratan Tata (Site not responding. Last check: )
		Had Birlas failed to match the offer, Maxis Telecom would have automatically bought Tata's stake in Idea, which offers mobile services in several telecom circles in the country, including Delhi.
		The fight between the two groups became public when Birlas wrote to the Government seeking direction for ouster of Tatas from the JV on the grounds that the latter had violated the telecom licensing conditions.
		The department of telecom is yet to take a position on the issue raised by Birlas, even as the two sides later decided to keep off the media on the subject.
	www.zeenews.com /articles.asp?aid=287079&sid=BUS (422 words)

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