Tata Group, India’s largest conglomerate, said it is open to buying the stake of its largest minority shareholder, the billionaire Mistry family, as part of a proposal to help end a years-long legal dispute between the two parties. A lawyer representing Tata Sons Pvt. Informed the Supreme Court on Tuesday …
Read More »SC orders status quo on Tata stock promises
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 …
Read More »Shapoorji Pallonji Group Slaps Tata Sons Board For Blocking Fundraising
Mumbai: The Shapoorji Pallonji Group (SP), which is struggling to pay its debt, sent a notice for damages to the members of the Tata Sons board, for blocking the Mistry family’s fundraising against the actions of Tata Sons, said a senior company official. In the legal notice, a copy of …
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