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 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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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 …
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The Shapoorji Pallonji (SP) group will have to look for alternative ways to raise funds: sell its stake in the publicly traded subsidiary Sterling and Wilson, offer plots of land across India, or restructure project-level debt, among its options, after Tatas. upset their plans to the actions of Tata Sons. …
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