Relatives thwarted Gharda's earlier move to sell his stake.

Byline: Kala Vijayraghavan

Jun. 13--MUMBAI, India -- The tiff between Godrej group, Dr Gharda and his estrange relatives might topple the succession moves in Gharda Chemicals.

One is to form two separate boards of directors and trustees to manage the company and take care of the 60 percent stake. The other is to sell his stake to an outside bidder. But in this, he is being stymied by his relatives who hold 33 percent as well as by the Godrej group. Any significant change in the management will need the support of at least 75 percent of shareholders, somethin