Reddy Plans Will to Avoid Ambani-Like Dispute: Corporate India
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Prathap C. Reddy, the 80-year-old founder of India’s biggest hospital operator, is breaking with tradition to avoid the sort of dispute which led to a feud between the nation’s richest brothers.
The chairman of Apollo Hospitals Enterprise Ltd. has formed a team to draft a will, a process which many Indians believe to be inauspicious as it is associated with preparations for death. The seven-member family council includes Reddy, his four daughters and two professional advisers, he said in an interview in the southern city of Chennai.