The Birla family said on Friday that there was no plan to buy M P Birla's 25 per cent stake in Pilani investments.
"We wish to clarify that the M P Birla family holds about 25 per cent in Pilani Investments. The other Birla families -- K K Birla, G P Birla and S K Birla families - together hold about 60 per cent of the equity.
"Importantly, none of the Birla families have any intent to buy the M P Birla family's stake in Pilani Investments. We hope this will set to rest speculation in the media about Pilani Investments," the statement said.
On the issue of Birla family contesting the will of the late wife of M P Birla, the statement said, "We wish to reiterate that when the will was opened, the family was extremely surprised to hear that Late Mrs M P Birla's entire wealth was earmarked in favour of Mr R S Lodha.
"This seemed very unusual (to the family) as Mrs M P Birla had repeatedly said to the family that her entire wealth was to be left for charities."