Kala Vijayraghavan
The company is expected to meet a group of bankers in Atlanta in the next few weeks as US Treasury yields are dropping this month, lowering global funding costs. It is in the process of appointing investment bankers. The US benchmark treasury yield, a key gauge for pricing global bonds, has dipped 13 basis points this calendar year until Wednesday.
The board is likely to discuss legal implications and impact of NCLAT order.
Trusts plan to contend they didn’t violate trust deeds, had surrendered their registrations in 2015.
Cyrus Mistry had allegedly promised to relinquish Irish citizenship, but didn’t follow up on it.
Brothers Dhruv and Manish with their mother Neera Agarwal approached the Hyderabad bench of the NCLT seeking tribunal’s intervention in the affairs of the company. They filed two separate petitions for Gati and TCI Finance, where Mahendra Agarwal is the promoter.
Legal experts close to the matter said TCS might have decided to postpone the board meeting because it wasn’t expecting to get any hearing before January 9, when it is scheduled to consider thirdquarter results.
Group to file an appeal on January 2 although a hearing is possible only when SC opens on January 6.
A top Unilever executive will become non-executive chairman at the India unit
The manufacturer of power and distribution transformers is valuing its global assets at around $250 million. “CG Power has held talks with some Japanese and European companies for the same,” said a person with direct knowledge of the development.
Tata Sons has started including Mistry's name as Director on the boards of the holding co & 3 listed group cos
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
