New Delhi, June 15 -- The sudden demise of billionaire businessman Sunjay Kapur in London, aged 53, has unravelled a succession crisis at his auto components manufacturer Sona Comstar, according to a Hindustan Times report.

The businessman had taken over reigns of the empire in 2015 after his father, industrialist Dr Surinder Kapur's death, and steered Sona Comstar towards a market cap of over Rs.10,300, according to Bloomberg.

In a statement, issued late on June 13, the company addressed Sunjay Kapur's death and assured stakeholders that "our operations and prospects remain unchanged as we honour his legacy".

Widely recognised by the public as actress Karisma Kapoor's ex-husband, the couple were married from 2003 to 2016 and have two ...