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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India’s Tata Group is in talks with potential investors about the possibility of participating in a new digital platform, said people familiar with the matter, who are looking to modernize their consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani join the incipient e-commercial market. Tata Sons …
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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-Tata relationship, which spans more than 70 years, was forged on the basis of mutual trust, good faith and friendship,” the company said in a statement. “Today, Shapoorji Pallonji Group testified before the Supreme Court that the separation of the Tata Group is necessary due to the potential …
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On Tuesday, the Supreme Court ordered a status quo on the transfer or pledge of Tata Sons shares by the Shapoorji Pallonji Mistry Group companies, and ruled in favor of the Tata Group. Today’s order restricts the SP Mistry Group from transferring or pledging Tata shares for the time being. …
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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 …
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