What is the position of the TN government’s ‘majority shareholder’ in the Tanishq rank, asks Kanimozhi?


The DMK MP took to Twitter to point out that the Tamil Nadu government is a “majority shareholder” in Tanishq.

DMK Member of Parliament Kanimozhi questioned the Tamil Nadu government about its position on the recent controversy over Tanishq’s ad which was withdrawn after the Twitter right wing and trolls attacked him for showing an interfaith marriage. Kanimozhi noted that the Tamil Nadu government is one of Tanishq’s main shareholders and asked what was Prime Minister Edapaddi Palaniswami’s position on the dispute.

“The TN government is one of the main shareholders of @TanishqJewelry. TN is a state that has always defended secularism. What is @CMOTamilNadu’s position on the controversy surrounding Tanishq’s announcement? ”Kanimozhi tweeted.

Tanishq’s parent company, Titan Company Limited (Titan) was founded as a joint venture between the TATA Group and the Tamil Nadu Industrial Development Corporation (TIDCO) in 1984. Of the company’s 53% promoter stake, TIDCO has a 28% stake. , while Tata Group has 25 percent. This makes the Tamil Nadu government company a major shareholder in the company. Foreign institutional investors, mutual fund schemes, and the public make up the rest of the company’s shareholders.

The dispute began when jewelry brand Tanishq released an ad showing an interfaith marriage, which showed a Muslim family preparing for a Hindu ritual of the baby shower of their pregnant daughter-in-law, who is shown as Hindu. The ad was later pulled after right-wing groups took to Twitter calling for a boycott, claiming it was promoting ‘love jihad’, a popular conspiracy theory put forward by Hindu ideologues that suggests Muslim men deliberately marry Hindu women. to become. they to Islam.

Several users had expressed their support for Tanishq and regretted that the group had chosen to withdraw the ad. Tanishq issued an official statement that it withdrew the ad in light of the hurt feelings and well-being of its employees, partners and store staff. Reports later emerged that a Tanishq jewelry showroom in Gujarat had put a note on its door, apologizing to Hindus in the district for the advertisement.

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