Once shares begin trading, management must report to investors through financial results, material disclosures and regular shareholder communication
The boardroom battle in India's top industrial conglomerate leaves a trail of unanswered questions
Tata Trusts studying the response before any legal recourse
On one side is family patriarch Noel Tata, who heads Tata Trusts, on the other is N Chandrasekaran, Tata Sons' chairman with no links to the founding family but a slew of powerful corporate backers
While legal opinion to Tata Sons is dated Sep 16, Tata Trusts had it for over three months
Abhishek Singhvi said crucial provisions of the Tata Sons articles of association were not followed by the board at its meeting
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
Legal opinion with Tata Sons suggests casting vote in order
Tata Sons did not secure affirmative support of nominees: Tata Trusts
Senior Supreme Court advocate Abhishek Manu Singhvi, in a social media post, said on Sunday that he had entered the fray in the Tata dispute, indicating that a legal process may be fast-tracked
Tata Trusts says the September 17 resolution failed the Article 121 test as its two nominees split 1-1
Directors voted 4-1 to extend N Chandrasekaran's tenure by five years and advance listing plans, rebuffing Tata Trusts chairman Noel Tata's push to keep the group private
TCS led the decline, erasing ₹30,754 crore in market value, while shares of Tata Chemicals, Tata Technologies and Tata Elxsi also fell sharply on Friday amid the row
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
Tata Sons' listing dispute has deepened into a boardroom split, with Tata Trusts opposing the IPO and N Chandrasekaran's reappointment, while the board backs both moves
The comments come after the Tata Sons board approved N Chandrasekaran's reappointment as chairman for another five years despite opposition from Tata Trusts Chairman Noel Tata.
Chandrasekaran's continuation brings relief, but TCS remains under pressure from AI disruption, geopolitical risks and high bond yields
Tata Sons' board vote on N Chandrasekaran's reappointment and the mandatory listing has renewed questions over governance, board authority and Tata Trusts' rights
Air India's board of directors are meeting in the city on Tuesday as the airline is set to see the CEO transition, with former Ethiopian Airlines Group chief Tewolde Gebremariam expected to formally take charge later this month. At the board meeting chaired by N Chandrasekaran, who is the Chairman of Tata Sons, various matters, including the salary structure of the incoming CEO, are expected to be discussed, according to sources. Campbell Wilson, the MD and CEO of Air India, will be stepping down from his role this month. Apart from Chandrasekaran and Wilson, there are five other board members -- Sanjiv Mehta, Alice G Vaidyan and P R Ramesh are the independent directors, while P B Balaji and Goh Choon Phong are the non-executive non-independent directors. The sources said the board members would also be thanking Wilson for his contributions to the airline. He has been at the helm of the airline and piloting an ambitious transformation plan since July 2022. Chandrasekaran, Wilson a
Under the Tata Sons Articles of Association (AoA), SRTT and SDTT have to jointly nominate three members to the five-member selection committee.