Samir Modi has been removed from the board of Godfrey Phillips India, according to a report by the Economic Times. The decision came after Modi failed to secure sufficient support for his reappointment bid during a board meeting on August 7.
Background of the Dispute
The controversy surrounding Modi’s directorial role escalated earlier this year when a Delhi court ruled in July that Modi could…
The New Shop, a burgeoning grocery convenience retail startup, is reportedly in advanced negotiations to acquire the 24Seven retail chain from Godfrey Phillips India (GPI). If finalized, this acquisition would see all existing 24Seven locations rebranded under The New Shop’s banner.
Acquisition Details
According to a recent report by The Economic Times, the acquisition talks are progressing, and…
