What is Sunjay Kapur's company Sona Comstar known for? How much inheritance will ex-wife Karisma Kapoor receive?
Priya married Sunjay Kapoor, Karisma Kapoor's ex-husband, in 2017. According to Bloomberg, Sona Comstar had a market cap of Rs 2.9 lakh crore (Rs 290,000 crore). If you're wondering, what is Sona Comstar? Sona Comstar is a premier automotive technology company that produces electric vehicle components and drivetrain systems.
Rani Kapur had written to the Board of Directors and Shareholders of Sona Comstar to refrain from the appointment of any Director(s) in the Company or any other Sona Group Company and further unconditionally defer the AGM, scheduled for Friday.In her letter, Rani Kapur alleged she was coerced to sign some documents which are being misused to wrest control of the company and usurp the family legacy after her son's death. She stated that as per the 'Will' left behind by her late husband, Dr Surinder Kapur, the founder of Sona Comstar and the Sona Group, she is the majority shareholder in the company and thereby the only authority to represent the interests of the family in the company/Sona Group.
'It is unfortunate that while the family and I are still in mourning, some people have chosen this as an opportune time to wrest control and usurp the family legacy,' the letter said.
The firm works in the components for electric and hybrid vehicles sector as a supplier of spare parts for global major automotive conglomerates like Tesla, Jaguar, and Land Rover. Sanjay Kapoor joined the board of Sona Comstar as a Director in 2006 and became Managing Director in 2015. During his time as Managing Director, Sanjay not only guided the company out of debt but established it in many territories including the USA, China, Serbia, and Mexico. He successfully listed the company stock on the stock exchange in 2019.
According to Forbes, Sanjay Kapoor had a net worth of Rs 10,300 crore. He had luxury residences in Pali Hill (Mumbai), Emirates Hills (Dubai), and Mayfair (London), and owned luxury cars valued at Rs 25 crore.
According to the official website of Sona Comstar, in 2015, Mr. Kapur assumed the role of Managing Director following the passing of his father and the Company's founder, Dr. Surinder Kapur. At a time when the Company was navigating significant financial challenges, he led its turnaround by stabilizing finances, expanding export business, and transforming its product portfolio from conventional differential gears to integrated electric vehicle driveline solutions.
'Under his chairmanship, Sona Comstar expanded its global footprint across India, the USA, Mexico, China, and Serbia, successfully listed on BSE Ltd. and the National Stock Exchange of India Ltd., and entered future mobility domains such as sensors and software through the acquisition of a majority stake in Novelic, reads the website.
There is often a question as to whether actress Karisma Kapoor will get a share from any inheritance? The answer is no. Karisma was given a settlement of Rs 70 crore at the time of her divorce. There were Rs 14 crore of bonds purchased in each of their children, Samaira and Kiaan's names. Additionally, she was given a monthly allowance of Rs 10 lakh. With those details in mind, there is very little chance she will benefit further from the property.
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