MUMBAI: Tata sons on Thursday rejected the separate minority shareholder Shapoorji PallonjiThe proposal to exchange their 18.4% stake for company shares. list descending entities. The holding company of India’s largest conglomerate called the proposal “nonsense”, while informing the Supreme Court that “this type of relief cannot be granted” and that …
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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 …
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Tata Sons said Thursday that they have not received any formal request or proposal from the Shapoorji Pallonji Group on the subject of the latter’s departure announcement. “In any case, given that the matter is sub judice before the Supreme Court, Tata Sons will wait for the judicial proceedings, which …
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Tata Sons Ltd is considering various options about the future of its airline AirAsia India in the context that its Malaysian partner plans to exit, two people familiar with the matter said. This comes at a time when the Tatas are faced with the daunting task of raising funds to …
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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, …
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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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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% …
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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 …
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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 …
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Mumbai: Tata Sons Ltd filed an “urgent” request with the Supreme Court on 5 September to prevent the promoters of the Shapoorji Pallonji Group from raising capital with the guarantee of their stake in Tata Sons. Interestingly, this request was moved by the Tata group one day after the SP …
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