The long-standing ownership dispute between the promoters of GreatWhite Global Pvt. Ltd. has officially come to an end, with the family of Mehul Shah acquiring the entire 50% stake held by his brother, Hemang Shah.
Key Highlights of the Settlement:
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Resolution of a 15-Year Partnership: The multi-crore buyout successfully concludes a bitter family and corporate feud that had previously led to legal battles at the NCLT/NCLAT and various corporate disputes between the two brothers, who each previously held equal 50% shares in the company.
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Valuation & Payout: Under the terms of the settlement, Hemang Shah’s family received approximately ₹862 crore for their 50% shareholding, cleanly separating ownership paths.
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Future Control: With the buyout finalized, Mehul Shah’s family takes full, unhindered control of GreatWhite Global, positioning the electrical and consumer goods company to move forward under unified management without ongoing shareholder friction.
