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While family owned businesses have proved to be very good investments so far, the future is fraught with risk for investors, as the ageing promoters are not showing any signs of putting in place a credible succession plan. Could you explain why you do liken these family owned boardrooms to battlefields?I guess whilst the analogy appears a little dramatic, I do think it is appropriate because what is very striking in India is it doesn't matter whether you look at the IT sector or the biscuit sector or the financial services sector, wherever there are succession battles, the contours of the succession battles are almost agnostic to the industry it is in.
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