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Tata Group says not yet received any formal request from SP Group for separation
"This statement has resulted in considerable confusion and speculation in the media," Tata Sons said in a statement. Tata Sons is the holding company of the Tata group, in which the SP Group is the single largest minority shareholder with an 18.37 per cent stake.
ITAT rules in favour of Jamsetji Tata Trust, revokes the penalty imposed by Income Tax department
In 2018, the said Trust had filed an appeal...
Shapoorji Pallonji Group lenders seek clarity over pledged Tata Sons shares
Bankers are assessing the cash flows of SP Group in case the Supr...
Tata Group stocks performance after Mistry joined
Tata Group offers to buy out Mistry family stake in shares dispute
Tata Sons has offered to buy out Shapoorji Pallonji group's stake in the holding company to help the group raise money to pay its debt. The ...
Offering exit to Shapoorji Pallonji may cost Tata Group financial flexibility
The SP Group decision on Tuesday to sever its relationship with the Tata Group will likely bring an end to the dispute between the two.
Tata Sons-Shapoorji Pallonji Group separation not likely to be amicable
Tata Sons is understood to be awaiting the Supreme Court view on Article 75 of the firm’s Articles of Association (AoA) which cannot be invoked by either side. The holding company had told the Supreme Court that it will not invoke the power of compulsory purchase under Article 75 with regards to the shares owned by the Shapoorji Pallonji Group.
SP Group says separation from Tata Group is in best interest of all stakeholders
It was crucial that an early resolution is reached to arrive at a fair and equitable solution reflecting the value of the underlying tangible and intangible assets. In the midst of a global crisis triggered by the COVID Pandemic, the Mistry family were in the midst of raising funds against the security of their personal assets to meet the crisis arising from the global pandemic.
Mistry family sends notice to Tata Sons Board for fiduciary lapses and damages
The notice has sought an explanation from the board members, particularly the independent directors whether the oppressive action that causes prejudice to a minority shareholder was with their concurrence.
Tata Sons evaluating options to structure SP Group’s separation
The SP Group for its part will press for immediate relief on the pledged Tata Sons shares, officials close to the group said. “Tata Sons will either have to withdraw their objection to the pledge or agree to buy out the shareholder. With Tatas pushing for buyout under Article 75, it will have to seek its shareholders’ approval to pass a special resolution,” a top official said.
Tatas set up team for contingency funding plan to buy Shapoorji Pallonji Group’s stake
The SP Group, which values its 18.4% stake at Rs 1.78 lakh crore, said last week it wants to separate from Tata Sons after the top court barred it from pledging or selling any Tata shares until October 28.
Tata Group officially ventures into the medical devices with Tata Medical and Diagnostics
Officially incorporated in July 2020, the company manufactures medical appliances and instruments and appliances for measuring, checking, testing, navigating and other purposes; it has launched Tata CRISPR test, powered by CSIR-IGIB FELUDA for detecting the novel coronavirus.
What the exit of Shapoorji Pallonji Group will mean for the Tatas
The Shapoorji Pallonji Group’s (SP Group) decision yesterday to sever its relationship with the Tata Group will likely bring an end to the on-going battle between the two groups.
BigBasket in talks to sell majority stake to Tata Group
The deal could see e-grocer divest around 50% stake for about $1 billion, Alibaba likely to exit
SP Group company seeks loan rejig under RBI’s Covid scheme
The company, which is the group’s infrastructure and real estate business, has seen its cash flows hit by the Covid-19 pandemic. Although the promoters are well-placed in terms of net worth, they are not able to leverage their assets because of the dispute with the Tata Group.
Tata and Mistry may part ways after 70 yrs; experts say this is the only practical solution
A relationship of almost 7 decades is set to come to an end, as Shapoorji Pallonji, the largest minority shareholder in Tata Group, agrees t...