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Shapoorji Pallonji Group agrees to exit Tata Group, says separation in best interest of all stakeholders
“The SP-Tata relationship spanning over 70 years was forged on mutual trust, good faith, and friendship. Today, it is with a heavy heart that the Mistry family believes that a separation of interests would best serve all stakeholder groups,” the SP Group said in a release late on Tuesday.
Stocks to watch: Mindtree, Cyient, Tata group Dhanuka & more
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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 ...
Stock market news: TCS shares drop over 2%
Shares of Tata Consultancy Services Ltd. traded 2.45 per cent down in trade at 12:00PM on Thursday.
TCS gains ahead of Q2 results, buyback consideration
The IT major is likely to report a 8-15 per cent sequential rise in September quarter profit. Analysts expect the company to log a 2-3 per cent growth in revenues in constant currency (CC) terms and a 120-130 basis points improvement in Ebit margins, both sequentially.
Stock market news: Tata Motors shares trade flat with a negative bias in early session
Shares of Tata Motors Ltd. traded 0.08 per cent down in trade at 11:03AM on Tuesday.
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.
Rakesh Jhunjhunwala reveals stocks & sectors he likes most
Jhunjhunwala said investors today are not focusing on the rising number of Covid-19 cases, as people are learning to live with the flu. Covid-related deaths, he said, are coming down every passing day. What investors are looking at today is forward earnings.
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.
Stock market news: TCS shares jump 5%
A total of 386,476 shares changed hands on the counter till 11:40AM (IST).
Stock market news: Tata Motors shares drop over 2%
Shares of Tata Motors Ltd. traded 2.3 per cent down in trade at 11:53AM on Wednesday.
Tata Group evaluates M&A opportunities to scale up Ecommerce play
People familiar with the talks said the salt-to-information technology conglomerate has held initial discussions with online marketplace Snapdeal, publicly traded business-to-business etailer IndiaMART and egrocer BigBasket with the intention of picking up stakes and bulk up its digital presence.
Tatas vs. Shapoorji Pallonji group: What happens next?
If both parties are eager to come to a settlement, then they have to accept the valuations of independent valuers and then reach a consensus, says HP Ranina.