Ruchir modi, Lalit Modi's son

New Delhi, Jan 15 Controversial cricket administrator and former IPL chairman Lalit Modi on Sunday announced that his son Ruchir Modi would succeed him as head of Lalit Kumar Modi (LKM) branch of the K.K. Modi Family Trust.He also announced his resignation as head of LKM branch and beneficiary of the K.K. Modi Family Trust.Modi in a letter to members of the K.K. Modi Family Trust, namely Bina Modi, Charu Modi and Samir Modi, said that the ongoing litigation between him and his mother and sister have been going on for too long and caused a lot of distress to him, despite several rounds of negotiations for settlement.Thus he has decided to name his son, Ruchir as his successor of the LKM branch, who would handle all its affairs.Lalit Modi said in the letter that he took the decision to name his son as his successor after discussions with his daughter Aliya Modi.In a separate letter, he also announced his resignation as the head of LKM branch and beneficiary of K.K. Modi Family Trust.The move by the businessman has come after he was recently hospitalised and placed on oxygen support after suffering from Covid-19."In light of what I have gone thru, it's time to retire and move on. And groom my kids. I am handing them all," Modi tweeted later.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Salman Khan

Ruchir ModiFOLLOW

Ruchir modi, Latest News

International :Will go as per legal advice, says Lalit Modi's mother on dispute with son

New Delhi, Jan 15 Former IPL Chairman Lalit Modi's mother Bina Modi, with whom he is involved in ... ...

Entertainment :Lalit Modi resigns from KK Modi Family Trust, appoints son Ruchir as successor

Former IPL Chairman Lalit Modi tendered his resignation as Head of the Branch and Beneficiary of the KK Modi ... ...

Politics :Lalit Modi resigns from K K Modi Family trust, names son as successor

New Delhi, Jan 15 Controversial cricket administrator and former IPL chairman Lalit Modi on Sunday announced that his ... ...