Based on current valuation ratio of listed holding companies, Tata Sons now valued at Rs 5.08 trn
Corporate lawyers said with such formidable legal teams fielded by both sides in the top Court, the fight between the two has become the most watched litigation war in recent times
Tata Sons' counsel, Harish Salve said the Mistrys are seeking division of assets including 18.4 per cent stake in Tata brand
Tata Sons counsel Harish Salve says all Tata companies are doing well, making money; Mistry must prove lack of probilty and impact on his rights while complaining
This is in response to Rs 1.78 trn sought by Mistry family; Tata Sons counsel says NCLAT judgement setting aside Chandra's appointment went beyond the scope of judicial review
The valuation disagreement marks the latest chapter in a four-year-old wrangle that started with a boardroom coup in 2016 at Tata Sons.
The top court had on September 22 restrained Shapoorji Pallonji (SP) Group and Cyrus Mistry as also his investment firm from pledging or transferring their shares of Tata Sons Pvt Ltd (TSPL)
A legal source said the Mistrys would have to sell shares in listed Tata companies to pay the tax (if Tata Group agrees to the Mistry plan) and lower their stakes in them
Hearing in the Tata versus Mistry case is likely to be adjourned to next month.
The Mistry family alleges misconduct in bidding process, wants Tatas disqualified
From Mistry attacking Tata Sons over Parliament redevelopment plan to theatres opening from today, here are top headlines this morning
According to a senior executive of a top global private equity fund, the shares should be available at 20 to 40 per cent discount.
Here's a quick look at how you should trade frontline stocks from the Tata stable
The partnership, which survived post-independence upheaval in the country and economic liberalisation in 1991, is set to end now
In a late evening statement, the Mistry family said separation from the Tata group was necessary due to the potential impact the ongoing litigation could have on livelihoods and the economy.
Top headlines: Mistrys eye huge windfall; Sebi to prescribe MF stress test
SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent
Business Standard brings you the top headlines of the day
A bench headed by Chief Justice S.A. Bobde said the group should not take any further action on the shares, they have already pledged for raising funds
The Shapoorji Pallonji Group, controlled by tycoon Pallonji Mistry and his family, own about 18% of closely held Tata Sons