The Economic Times

No economic settlement reached within Venu Srinivasan family: Lakshmi Venu, Mallika Srinivasan

Differences have arisen within the Venu Srinivasan family concerning the economic settlement of their assets. Lakshmi Venu and Mallika Srinivasan stated that no agreement on asset distribution has been reached. They emphasize that management roles do not equate to division of economic interests. Their recent memorandum of understanding mostly addresses brand use and non-compete agreements.