Lakshmi Venu and Mallika Srinivasan deny TVS ownership settlement
In short
Lakshmi Venu and Mallika Srinivasan said there is no ownership settlement or asset split in the Venu Srinivasan family. Their statement pushes back on claims linked to the 2024 TVS family MoU.
This matters because the TVS family controls important business interests. The report does not say whether any agreement talks are still going on or what is still unresolved.
What the reporting says
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 report says they rejected the idea that a settlement is already in place. It does not say what the disputed terms are, whether talks continue, or if any legal filing exists.
Why it matters
Lakshmi Venu and Mallika Srinivasan said no economic ownership settlement or asset split has been reached within the Venu Srinivasan family, challenging claims about the 2024 TVS family MoU. The report frames this as a correction to earlier assertions. It does not state what assets are under discussion, whether negotiations remain open, or whether any formal dispute exists.