The shares of Sona BLW Precision Forgings Ltd traded in green on Tuesday, gaining ₹8.60 or 1.93% to reach ₹454.10 per share. The uptick comes even as the company remains in focus over a heated inheritance dispute being heard in the Delhi High Court.
The battle involves the estate of businessman Sunjay Kapur, estimated at ₹10,000 crore. His widow Priya Kapur, his mother Rani Kapur, and the children of his ex-wife Karisma Kapoor are locked in a three-way legal tussle over ownership.
During proceedings on September 10, Rani Kapur alleged that assets worth ₹500 crore belonging to Sona Comstar were sold to Singapore-based entities under suspicious circumstances. She claimed she had been left “on the road” without any inclusion in the will or trust.
On the other hand, Karisma Kapoor’s children have demanded one-fifth of Sunjay Kapur’s estate each, arguing that the will presented by Priya Kapur is “forged” and “fabricated.” They insist they were unfairly denied their rightful share.
Priya Kapur has denied the claims, stating the children had already received assets worth ₹1,900 crore from the family trust just days before filing the case.
The High Court has issued notice to Priya Kapur, directing her to submit a reply within three weeks, and asked her to disclose all known assets of Sunjay Kapur. The matter will be heard further on October 9.
At the time of reporting, Sona BLW’s market cap stood at ₹282.04 billion with the stock trading between ₹446.35 – ₹457.45 during the session.
