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Wednesday, Nov 25, 2020

Tata sons

Nov 18, 2020 19:47
A bench headed by Chief Justice SA Bobde questioned senior advocate C A Sundaram, appearing for Cyrus Mistry and his firms, for filing applications repeatedly when the case was already listed for final hearing. read more
Oct 31, 2020 05:52
While the offer to swap Tata Sons’ holdings for listed Tata stocks will not require the Tatas to raise huge sums of money, legal experts said that the offer might be a double-edged sword for the Tatas and a double bonanza for the SP group. read more
Oct 30, 2020 04:47
or the unlisted Tata group companies, the SP group has sought an independent valuation followed by payment in cash or in listed securities. read more
Sep 29, 2020 05:53
Tata’s platform—an e-commerce gateway for its consumer products and services ranging from beverages to jewelry and resorts—may seek to compete with the ambitious plans of Ambani, and Walmart Inc.’s Indian venture Flipkart read more
Sep 29, 2020 05:45
Shapoorji Pallonji (SP) group and Tata group are valuing the shares of Tata Sons on four parameters—the value of listed companies, value of unlisted firms, brand value and debt. read more
Sep 24, 2020 00:47
The first point of friction could be the valuation of the SP group’s 18.4% stake in Tata Sons. While Tata Sons’ court filings peg the valuation of this stake at around ₹1.5 lakh crore, the SP group claims it is closer to ₹1.8 lakh crore. read more
Sep 23, 2020 23:56
The SP group will have to offer the stake to Tata Sons first because the latter has the right of first refusal on the shares as per the company’s articles of association (AoA), which were amended after the ouster of Cyrus Mistry as chairman of the Tata group holding company in 2016. read more
Sep 23, 2020 11:14
“The action by Tata Sons to block this crucial fund raise, without any heed for the collateral consequences, is the latest demonstration of their vindictive mind-set,” the SP Group said in a statement late Tuesday. read more
Jul 31, 2020 05:56
The holding parent of Tata group companies said in a court filing that the bulk of operating companies underperformed the benchmark Sensex index, and that Tata Sons did not enter any significant business opportunities during Mistry’s tenure. read more
Jul 12, 2020 23:19
AirAsia Bhd, which is facing headwinds due to airline industry disruptions from Covid-19, had in June approached the Tata group to sell its stake, as mandated by the terms of the joint venture (JV) under which Tata Sons has the right of first refusal, a person aware of the matter said. read more
Jul 11, 2020 04:52
Mistry is fighting a court battle against Tata Sons over his ouster from the Tata group, and is seeking proportional board representation as the largest shareholder in Tata Sons. read more
Jun 06, 2020 05:01
The holding company of Tata group, in a statement on Friday, said it is well-capitalised and prepared to take on the challenges posed by the countrywide lockdown since March 25, which has brought economic activity to a near- standstill. read more
Jan 11, 2020 03:14
Last month, the NCLAT said Mistry was illegally ousted in October 2016 at the behest of Ratan Tata, the chairman-emeritus of the group, and that the actions were “oppressive” for minority shareholders. read more
Jan 07, 2020 22:47
While Mamta slammed the company over non-functional streetlights and its failure in completing the project even in one of the four zones of the city, the officials blamed the poor infrastructure and delay by the municipal corporation (MC) in granting... read more
Jan 02, 2020 16:04
The NCLAT judgment, Tata Sons submitted, is detrimental to the interest of Tata Sons and its members for its failure to discuss the reasoning and findings of the judgment of National Company Law Tribunal (NCLT) which had ruled in favour of the firm. read more