A 4:1 board vote has opened a legal battle over Tata Sons' Articles, the Trusts' special voting rights and whether a casting vote can override their opposition to Chandrasekaran's reappointment
Dimon's remarks come as Tata Sons' board faces-off with its controlling shareholder Tata Trusts, a clash that is increasingly drawing scrutiny from investors and policymakers
Both sides are being advised by lawyers who have represented India's biggest companies, and have also recently hired senior counsel who are among the country's top litigators
Separation of ownership and control could increasingly be an option for businesses across the world, according to Cohen, who's a top global family enterprise academic
One possible route would be to reduce Tata Sons' relevant asset base below the ₹1 trillion threshold for classification as an upper-layer NBFC, according to a former regulatory official
Shares of India's Tata Group companies lost $4 billion in market value on Friday, as investors reacted to heightened uncertainty over the potential listing and leadership of holding company Tata Sons
The dramatic September 17 board meeting has left the Tata Sons listing at an interesting juncture, with Noel Tata-led Tata Trusts saying no to it. Here are the four questions that remain unanswered
Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
The Trusts said in a statement that these options will be assessed by the Board on an immediate basis, after which a separate Board meeting will be convened to consider that assessment
The proposal seeks to address the SP Group's liquidity needs without a Tata Sons listing, through the sale of shares held by Cyrus Investments and Sterling Investment.
Tata Sons' board vote on N Chandrasekaran's reappointment and the mandatory listing has renewed questions over governance, board authority and Tata Trusts' rights
Tata Trusts has called N Chandrasekaran's reappointment as Tata Sons chairman "illegal", citing the company's Articles of Association and Noel Tata's dissenting vote
Tata Sons' board has cleared a listing plan after years of legal and regulatory hurdles. Here's a look at the key events that shaped the Tata group holding company's road to the IPO
