Godfrey Phillips India shares jumped as much as 7% after Samir Modi said he would withdraw all legal cases against his mother, Chairperson Bina Modi, signalling a possible end to the family's long-running succession dispute. Investors welcomed the move as it eased corporate governance concerns surrounding the cigarette maker.
Godfrey Phillips India shares jumped as much as 7% after Samir Modi said he would withdraw all legal cases against his mother, Chairperson Bina Modi, signalling a possible end to the family's long-running succession dispute. Investors welcomed the move as it eased corporate governance concerns surrounding the cigarette maker.
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