The Hinduja family is reportedly nearing resolution to a long-running feud and could divide a business empire that includes Gulf Oil Lubricants India Ltd.
The family has not, however, disclosed details of how its businesses might be divided, let alone how a break-up would affect the lubes company.
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The Hinduja Group is headquartered in Mumbai and along with the lubricant business owns automaker Ashok Leyland plus businesses in healthcare, hospitality, land development, media and internet technology. It is co-owned by the four sons of founder Parmanand Deepchand Hinduja. The eldest, Srichand Hinduja, is co-chairman along with the next oldest, Gopichand.