Tata Sons Ltd is the holding company of the Tata Group and holds the bulk of shareholding in its companies,
Funds will be used to retire debt, pay spectrum fees
The Mistry camp seems re-invigorated by its recent victory and appears charged up to impose their renewed legal strategy on their corporate opponents.
Strategic and legal considerations may have driven Tata Sons down this path, but the move may not work for promoters of debt-laden firms, say experts
As a Pvt Ltd firm, the group holding company would not need to make as many disclosures as it made until now
At AGM, the conglomerate also discussed giving voting rights to preferential shareholders at the meeting
The two investment firms -- Cyrus Investments Pvt Ltd and Sterling Investments Pvt Ltd -- had moved NCLAT over maintainability of their petitions filed against the Tata group and waiver required for it under the Company Act 2013.
The Shapoorji Pallonji family will be voting against the resolution to take the company private
Move could provide voting rights to such holders in case dividend is not paid for 2 yrs
Tata group holding company proposes the move amidst legal tussle with Cyrus Mistry
Bagchi, who has been serving as the global head of communications at the Tata Consultancy Services (TCS) will be reporting to Tata Sons Chairman N Chandrasekaran, in his new role
TGBL and Tata Chemicals said the proposed date of acquisition is on or after September 18
The holding company will buy stakes in group firms
Purushothaman is a former Goldman Sachs International VP and Global Economist
There is also a possibility of divesting some companies that are not on the group's priority list
According to the report, the directive will put hundreds of crores of rupees at risk
$104-bn group is again in consolidation phase under Chandrasekaran, who took over as chairman in Feb
M-cap up 29% since end-March 2014, against 72% rise in combined m-cap of all listed companies
Chairman will present future course next month to group leadership
Tata Sons' stake in Tata Motors will go up to around 31% after the buyout