Mumbai, May 21 -- Several minority shareholders of Vadilal Industries Ltd have opposed the ice cream maker's plan to buy the eponymous trademark from a promoter entity for about Rs.1,000 crore, hobbling the group's restructuring just as it emerges from a longdrawn family dispute.

Insisting that the valuation for the 'Vadilal' trademark is unrealistically high, some shareholders have written to the Securities and Exchange Board of India, the ministry of corporate affairs, and India's two leading bourses requesting intervention, said two people in the know.

They have also written to Vadilal's newly appointed independent directors to oppose the transaction. Mint has reviewed a copy of this letter.

The 'Vadilal' brand is a strategic elemen...