Sharda Motor: Sharda Motors & Bharat Seats Promoters Settle; Leave Minority Shareholders Short-changed

Sharda Motors is an auto-ancillary company promoted by the Relan family. The Relan family, along with Maruti Suzuki, has also promoted Bharat Seats. The two businesses are headed by two brothers—Ajay Relan and Rohit Relan—who have been engaged in a feud over the management of the two companies for past couple of years. The two have recently come to a settlement that has pushed up the stock...