STOCK MARKET BSE NSE

Industrialist M.A.M. Ramaswamy Passes Away

Published: 03rd December 2015 12:05 AM  |   Last Updated: 03rd December 2015 12:05 AM   |  A+A-

By IANS

CHENNAI: Industrialist M.A.M. Ramaswamy died here on Wednesday, his adopted son M.A.M.R. Muthiah said. He was 84.

"He passed away at 4.30 p.m. at a hospital. He was in a serious condition for the past around 15 days. The funeral will be held on Sunday here," Muthiah told IANS.

Ramaswamy headed the Chettinad group having interests in cements, logistics and other business.

A former member of the Rajya Sabha, Ramaswamy was also interested in race horses and owned a stud farm.

In the fag end of his life, he was involved in a public spat with his son.

"I have disowned him and do not wish to call him my son. Whatever the law may be, he is no more my son. According to me, he can be only S. Ayyappan (original name) and not M.A.M.R. Muthiah," Ramaswamy told the media here at his residence in June.

According to Ramaswamy, though a substantial part of his properties is with Ayyappan, whatever is remaining should go to two charitable trusts -- Dr. M.A.M. Ramaswamy Chettiar of Chettinad Charitable Trust and Dr. M.A.M. Ramaswamy Chettiar Trust -- in which Ayyappan will have no part to play or have a say.

"I have also written and registered a will that all the assets which may be left at the time of my death would go only to the said trusts and not to Ayyappan or M.A.M.R. Muthiah or any one claiming on his behalf or under him," Ramaswamy said.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp