Two years after France's Groupe SEB acquired a 55% stake in Maharaja Whiteline, the multinational and the Indian kitchen appliances maker's erstwhile owner Harish Kumar, are working on a second deal, which involves buying out Kumar and his family's balance 45% equity, three senior industry executives aware of the development said. The move follows disputes between the two groups after Groupe SEB in November 2012 unceremoniously moved chairman and managing director (CMD) Kumar into a non-executive role.

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