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End of Amarchand (as we know it) postponed to 1 May after mediation fails to hit auspicious target

The end of mediation between brothers and co-managing partners of Amarchand Mangaldas, Cyril and Shardul Shroff, has been postponed to 1 May, after mediations today failed to resolve remaining outstanding issues.

As reported yesterday, both brothers had aimed to launch their new separate partnership firms tomorrow, 21 April, to coincide with one of the Hindu calendar’s most auspicious days, Akshaya Tritiya, according to sources.

However, it is understood that mediations were not able to conclude today, resulting in a return to the previous timetable with a deadline of April end (which has also been postponed several times) to settle the mediation and establish new firms.

Cyril and Shardul Shroff did not respond to messages seeking comment.

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