The chairman’s office will soon add more trusted and senior Tata hands including operating company executives as well as former heads of businesses.
KKR and Canada Pension Plan eye $4 billion stake buy in Bharti Infratel, may emerge as largest shareholder
Bharti Airtel said in a stock exchange notification last week it had board approval to explore monetisation of a stake in Infratel, but did not give details.
“I do not understand why my name has been needlessly roped in,” Sivasankaran said in a reaction to a letter to the Tata Son’s directors by the ousted chief.
Tata Sons is likely to say that there was no breach of corporate governance in its decision to remove Mistry as the chairman of Tata Sons.
Chadha, who till July was chief executive of DB's Asia Pacific ops, and IndoStar mgmt will sign a formal agreement “anytime soon”.
The promoters of Essar Steel are supposed to channel $300 million from the sale of their Essar Oil stake to Rosneft and others into the steel business as part of their equity
So far the sacking has been attributed to, among other theories, a supposed clash of culture and values between the old guard and the now-sacked leadership team to Mistry's alleged attempts at micro-managing.
"Tata Power is a cash guzzler but generates very little profit. Yet, when it's embarking on its biggest buyout, a principal shareholder is kept in the dark."
With a book value of around Rs 2,700-2,900 crore, Finvest is expected to be valued at Rs 5,500-6,000 crore, analysts said.
A very large ethane carrier is a hybrid of a liquefied natural gas (LNG) carrier and a liquefied petroleum gas (LPG) carrier.
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