Sterlite Industries run by Anil Agarwal snapped up BALCO while IPCL was picked up by the Ambanis...

Interestingly, public sector companies account for 40% of market capitalisation. And these are family-run businesses that snap the up usually when they are privatised. Sterlite Industries run by Anil Agarwal snapped up BALCO while IPCL was picked up by the Ambanis. Families are also increasing their stakes in their group companies. For example, promoters of Grasim Industries Ltd. have increased their holdings in the company to 25.07% by second quarter of the current financial year from 20.38% in second quarter of the FY2001-02. The same holds true for Mahindra & Mahindra also, whose promoters holding have gone up to 23.06% from 22% during the same period. Quite clearly, the Indian business family is holding firm in the era of intense globalisation. For more information on IIPM Editorial Article, please click here...,

Source: IIPM, 4Ps, B&E

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The Publisher & Editor of Jammag Magazine, Rashmi Bansal could not be traced at her office at Prabhadevi or her residence at Navi Mumbai, for more information please click on the following links:

• Hindustan Times Article - Publisher goes underground
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