Tag Archives: Cyrus Mistry

Cyrus Mistry seeks representation at Tata Sons in proportion to his family’s 18% stake. New Delhi: Today’s Supreme Court is expected to render its ruling on the cross-appeals filed by Tata Sons and Cyrus Investments against the corporate law court order that had restored Cyrus Mistry as CEO of the …

The Tata group has estimated that the valuation of the Mistry family’s 18.4 percent stake in Tata Sons ranges from Rs 70 billion to Rs 80 billion compared to Rs 1.78 trillion sought by the family. During today’s Supreme Court hearing, Tata Sons lawyer Harish Salve mentioned that the Mistry …

The Shapoorji Pallonji Group (SP) has sought a prorated division of all Tata Sons assets based on its 18.4 percent stake in the holding company of the conglomerate Tata, the group said in its liquidation filings in Court Supreme The SP group has sought a direct stake in all of …

The Shapoorji Pallonji (SP) group is set to present its terms of agreement to the Supreme Court (SC) on Tuesday. This will eventually see the departure of the cash-strapped Pallonji Group from Tata Sons. With this, the hearing in the Tata versus Mistry case is likely to be postponed to …

Mumbai: Shapoorji Pallonji Group, which has decided to exit the Tata group, will restructure ₹10.9 billion rupees of its debt under the pandemic-related stress resolution framework, an official with the group said. The relief is sought under the one-time loan restructuring plan approved by the Reserve Bank after it accepted …

NEW DELHI : First, Cyrus Mistry was kicked off the Tata Sons board. Now the Shapoorji Pallonji Group (SP) is completely disappearing. It issued a statement Tuesday that the separation of interests was the best solution for both groups. The nitty-gritty of how the separation will be resolved is unclear, …

The Mistry, the Tata Group’s largest minority shareholder, said it needs to separate its interests after the country’s largest conglomerate took steps to block the family’s attempt to borrow money against Tata’s stock. Tata Sons Pvt. On Tuesday informed the Supreme Court that it is open to buying the 18% …

The Shapoorji Pallonji Group told the Supreme Court of India on Tuesday that it would withdraw from Tata Sons provided it gets an early, fair and equitable solution. With this, the 70-year relationship between two of India’s largest groups will come to an end. The SP Group, which owns an …

MUMBAI: In a coup against the Shapoorji Pallonji group, the Supreme Court on Tuesday ordered a status quo on creating pledges or liens on the shares of Tata Sons. The Shapoorji Pallonji group had been pledging shares it had in Tata Sons to raise funds. The hearing has been postponed …

Mumbai: The board of directors of Tata Sons Ltd on Friday denied allegations by the Shapoorji Pallonji Group (SP) that it deliberately kept an ‘urgent request’ to the Supreme Court on hold. On September 15, the SP Group sent a notice for damages to the Tata Sons board members, for …