Business Standard

Tata Sons: When a public company goes private

Strategic and legal considerations may have driven Tata Sons down this path, but the move may not work for promoters of debt-laden firms, say experts

Sudipto Dey 

Following the decision of Tata Sons, the holding company of the Tata group that voted in favour of turning itself into a private limited company, there is apprehension that the move may embolden some debt-laden promoters to strengthen their grip on their companies.   Ramesh Vaidyanathan, managing partner, Advaya Legal, says the larger message for corporate India from Tata Sons’ decision to go private is “promoters should re-arrange their holdings and agreements such that they continue to retain a controlling role in the company”. For Sumit Agrawal, ...

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First Published: Sun, September 24 2017. 23:20 IST
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