The Rs 2,500-crore Chowgule Group announced a split on Thursday, with businesses being divided between siblings Vijay and Padma, the third generation of the Goa-based family. After months of dissonance where the young family members had shown discomfort at business affairs in the over-a-century-old, reticent group, the family arrived at an amicable settlement of businesses on Wednesday in a meeting, a source told PTI. As part of the settlement, termed as a group "restructuring" exercise, Padma Chowgule will get control of the mining, pellets, salt, shipbuilding and educational institutes, according to an official statement.
