Carlsberg India's partner urges better governance in joint v

Carlsberg India's partner urges better governance in joint venture


NEW DELHI (Aug 4): Carlsberg's warring partner in its India joint venture urged the Denmark-based brewer on Wednesday to boost governance standards, saying it has had "grave concerns" for years over operations in the south Asian nation.
Since at least 2019, the partner, Nepal-based Khetan Group, and Carlsberg have been embroiled in a commercial dispute, amid an internal inquiry into the brewer's local practices that sparked a boardroom battle.
In its first public comment since the dispute began, the Khetan Group's holding firm, CSAPL (Singapore) Holdings Pte Ltd, urged Carlsberg "to honour its obligations to improve governance and act in the long-term interests of the business".

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