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Tata Sons receives a clearance from Registrar of Companies to go private

Paving the way for the change, the NCLT bench comprising B S V Prakash Kumar and V Nallasenapathy, in its July 9 order, had justified Tata Sons' move

Bombay House
premium

The company plans to raise an additional Rs 100 billion in 2019 financial year by participating in the buyback of shares of Tata Consultancy Services

Shally Seth Mohile Mumbai
Tata Sons, the holding company of the Tata group, has received a clearance from the Registrar of Companies (RoC) to change its status from a deemed public limited company to a private limited one, according to the certificate of incorporation filed by the firm.

A Tata Sons spokesperson declined to comment.

The move is a big setback for the Shapoorji Pallonji Mistry family, which has been involved in a legal slugfest with Tata Sons since December 2016. Cyrus Mistry was removed as chairman of Tata Sons two months earlier. Most importantly, it will effectively restrict the Mistry family’s ability to sell its