Tata Trusts studying the response before any legal recourse
SP Group is in talks with lenders to exercise a so-called greenshoe option on an existing ₹21,350 crore facility that would allow it to raise an additional ₹3,500 crore
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
Noel Tata proposes carving up the group's ₹1.8-trillion asset portfolio into smaller, sector-specific entities to bypass the central bank's mandatory public listing threshold
Experts say an NCLT-approved restructuring may be legally feasible, but it would not by itself override RBI requirements or remove Tata Sons' listing obligation
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
The RBI could soon release a communique mandating an early listing of Tata Sons to remove any ambiguity in its earlier missive
SP Group entity Eqyizen Investment had raised 213.50 billion rupees through three-year zero-coupon bonds at a yield of 18.95% in July.
Tata stocks: Analysts believe the boardroom battle playing out in public forums is creating more uncertainty for the group.
Brokerage firm Emkay said, about a year after listing, Tata Capital continues to impress with its execution, with growth, asset quality, credit costs, and profitability broadly tracking guidance
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
Legal opinion with Tata Sons suggests casting vote in order
Seven out of its 16 unlisted subsidiaries reported a net loss in FY26 led by Air India
Tata Sons must resolve differences quickly
Tata Trusts says the September 17 resolution failed the Article 121 test as its two nominees split 1-1
One must not be deterred by setbacks but view failures as opportunities to intensify their efforts and must set bold, audacious goals as they step into professional world, Tata Sons Chairman N Chandrasekaran said here on Saturday. Addressing the third convocation of Sai University here, as chief guest, Chandrasekaran noted that while artificial intelligence (AI) and rapid technological disruptions are reshaping the global economy, India is entering a period of economic growth that could prove "unparalleled" in its history and across the world for decades to come. Focusing on personal progress, continuous improvement, and advising graduates on dealing with adversity, he said: "Prepare continuously for the careers and not be deterred by setbacks. You have got to measure yourself on progress, continuous improvement, push yourself towards what you want to do. View pressure as a privilege rather than being deterred by high-stakes environments or complex problem-solving." His comments com
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
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