Bombay: On Friday, the Supreme Court awarded Tata Sons Ltd a major victory in its four-year dispute with the Mistry family, its main shareholder, as it overturned an appeals court ruling ordering the reinstatement of Cyrus Mistry as president of the holding company of the Tata group. A three-judge Supreme …
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The Tata Group rejected a truce offer from billionaire conglomerate Pallonji Mistry that suggested trading the Mistry family’s stake for $ 24 billion worth of shares in Tata’s listed companies. “It doesn’t make sense. This kind of relief cannot be given,” Tata’s lawyer Harish Salve said during a hearing before …
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Mumbai: the Shapoorji Pallonji (SP) group, which owns 18.4% of the shares of Tata Sons, presented a separation scheme in the Supreme Court on Thursday, under which it has proposed to reduce its stake in the latter in exchange of participation in the listed entities of the Tata group. “As …
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MUMBAI: Shapoorji Pallonji Group companies, Sterling & Wilson Solar Ltd and Forbes & Co Ltd surged on Wednesday after the group unexpectedly said it will end its seven-decade association with the Tata group. Sterling & Wilson Solar shares reached 20% of the upper circuit, its biggest single-day gains since August …
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The Shapoorji Pallonji (SP) group said unexpectedly that it will end its seven-decade association with the Tata group, hinting that it is willing to part with its 18.4% stake in Tata Sons Ltd after the largest conglomerate India offered to buy it back from its largest minority shareholder as part …
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