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Shares of Tata group cos see mixed trends after NCLT ruling

Press Trust of India  |  Mumbai 

Shares of various group companies witnessed mixed trends today after the (NCLT) dismissed pleas of against Sons for removing him as

IT bellwether Consultancy Services (TCS) fell over one per cent to Rs 1,890.30, while rose nearly two per cent to Rs 275.85 on the

In late morning trade, the scrips of and climbed over one per cent to Rs 560.05 and Rs 72.80, respectively.

Gaining more than one per cent, too was trading in the green at Rs 711.30.

The shares of went up over two per cent to Rs 121.00.

In a legal battle running for nearly two years, the NCLT today dismissed the pleas of challenging his removal as of

was removed as the board and majority of its members lost confidence in him, the tribunal said.

In its ruling, the tribunal said it was not accepting Mistry's contentions that his removal was due to the result of mismanagement by the board and oppression of minority shareholders of the group.

Mistry was ousted as Tata Sons in October 2016.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, July 09 2018. 12:00 IST
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