Photo: News24
Tata-Mistry Legal Battle: SC Rules In Former's Favour
The nearly half-a-decade corporate tussle between Tata Sons (TS) and the Shapoorji Pallonji group Mistrys culminated on March 26, with the Supreme Court ruling in the former's favour. The SC annulled the 2019 National Company Law Appellate Tribunal (NCLAT) judgment and upheld the Tata Board's decision of ejecting Cyrus Mistry as chairman in 2016. Earlier in 2020, TS had petitioned the SC after NCLAT had ruled Mistry's removal and N… read-more
Tags: Tata Sons, Shapoorji Pallonji Group, Cyrus Mistry, Supreme Court, NCLAT, chairman, N Chandrashekhar
Courtesy: Business Standard
Photo: Business Standard
Tata Group Offers To Buy 18% Shares of SP Group
Tata Sons Limited on September 22, informed that they are willing to buy 18% stakes of Shapoorji Pallonji Group, owned by Cyrus Mistry. The decision came after the Mistry, who is also one of the investors at Tata, had a bitter clash with the Group in 2016, which required to pay matured debts. However, SP group wants to raise capital using the shares as collateral which Tata Group fears as a risk.
Tags: Tata Sons, Cyrus Mistry, SP group, Shares
Courtesy: Live Mint
