TVS family says no ownership settlement has been reached
In short
Lakshmi Venu and Mallika Srinivasan said there is no ownership settlement or asset split in place in the Venu Srinivasan family. Their remarks pushed back on claims tied to the 2024 TVS family MoU.
This matters because it keeps succession and ownership questions open for the TVS group. The report does not say whether talks are still going on or what the MoU will change.
What the reporting says
Lakshmi Venu and Mallika Srinivasan said no economic ownership settlement or asset split has been reached in the Venu Srinivasan family, countering claims linked to the 2024 TVS family MoU. The statement directly addresses succession and ownership questions within the group. What remains unknown is whether any future settlement talks are underway or if the MoU will lead to changes later.
Why it matters
Lakshmi Venu and Mallika Srinivasan said no economic ownership settlement or asset split has been reached within the Venu Srinivasan family, countering claims tied to the 2024 TVS family MoU. The statement keeps succession and ownership questions open around the TVS group. The report does not confirm any final arrangement, timeline, or whether negotiations are continuing.