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Vidya Chhabria takes charge of Jumbo group

Vidya Manohar Chhabria on Monday assumed charge of ten Jumbo group companies in India, succeeding her late husband Manohar Rajaram Cchhabria, the Dubai-based non-resident Indian industrialist, who passed away earlier this month.

The boards of directors of all Jumbo group companies in India met in Mumbai on Monday and formally nominated Vidya Chhabria as director and chairperson, a company release said.

The companies she now heads include Shaw Wallace, Maharashtra Distilleries, Skol Breweries, Shaw Wallace Distilleries, Shaw Wallace Breweries, Hindustan Dorr-Oliver, Mather and Platt, Falcom Tyres, Gordon Woodroffe and Shaw Wallace and Hedges. Altogether the group companies have an asset value of $600 million in India.

In her maiden address to the senior executives of the group companies, Vidya Chhabria emphasised that there will be no change in the business vision, policies and priorities of the group.

She reiterated that ''all the projects and programmes that the founder-chairman had initiated, will be implemented in total earnest.''

UNI

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