Page 4 - Tata Sons

Leo Puri steps down from Tata Sons board, weeks after exiting HUL

Leo Puri's exit from HUL was due to an increase in his board commitments, which included his proposed appointment on the board of a global entity

Tata Projects eyes Rs 2,500 cr via rights issue at Rs 6,700 cr valuation

According to a company filing, the rights issue is priced at Rs 163.1 per share, which includes a premium of Rs 158.1

Tata Capital raises Rs 1,500 crore from Tata Sons, IFC via rights issue

The company will use the proceeds for further lending and to improve its leverage ratios

Shapoorji Pallonji Group in final lap to raise nearly Rs 28,600 crore debt

Over a dozen investors keen on buying the bonds that may be backed by the group's stake in Tata Sons

CCI approves Tata Sons' additional 10% stake purchase in Tata Play

Fair trade regulator CCI on Monday cleared Tata Sons' proposed acquisition of an additional 10 per cent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons -- the promoter of Tata Group -- owns a 60 per cent stake in Tata Play. "The proposed combination involves the acquisition of 10 per cent shareholding in Tata Play by Tata Sons," the Competition Commission of India (CCI) said in a release. Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company". "Commission approves the acquisition of certain additional shareholding in Tata Play Ltd by Tata Sons Pvt Ltd from Baytree Investments (Mauritius) Pte Ltd," the regulator said. Baytree Investments (Mauritius) is an affiliate of Singapore's sovereign wealth fund Temasek Holdings. Pursuant to the approval by CCI, Tata Sons will

Tata Sons set to invest Rs 1,432 cr in rights issue of Tata Projects

Conglomerate's engineering and construction company gets board approval for fundraising

Airtel, Tata Play plan merger amid DTH struggles, expand service bundles

Bharti Airtel will reportedly hold a majority stake of 52-55% while Tata Play's shareholders, including Tata Sons and Walt Disney, will keep 45-48%

Tata Sons clears Tata Capital rights issue; board to decide size, timing

Tata Sons, which holds 93 per cent in Tata Capital, will subscribe to the full extent of its portion in the rights issue, said a source close to the development

Tata Capital board to meet next week to decide on rights issue plans

The board's meeting, to discuss the size and timing of the rights issue, came shortly after the company sought shareholders' approval in January

Cyrus Mistry's ouster was Tata's biggest regret, says Thomas Mathew

Lunch with BS: "After Chandra took over as Tata Sons chairman, RNT would often say that there won't be noise anymore; there will be stability, there will be growth," says author of Ratan Tata: A Life

Tata Group's N Chandrasekaran honoured with UK's Most Excellent OBE honour

Natarajan Chandrasekaran has been the Chairman of Tata Sons since 2017, having joined its board in October 2016

Tata Capital sets stage for IPO with articles of association update

The company said its current shareholder base is around 29,000 and in order to avoid a situation where its shareholder base increases further

Tata Sons seeks CCI clearance to take additional 10% stake in Tata Play

Tata Sons, promoter of Tata Group, has sought approval from fair trade regulator CCI for acquiring an additional 10 per cent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons owns a 60 per cent stake in Tata Play. After the completion of the deal, Tata Sons will have a 70 per cent holding in the entertainment content distribution platform. Tata Sons Pvt Ltd is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company". "The proposed transaction relates to Tata Sons' acquisition of 10 per cent shareholding in Tata Play from Baytree Investments (Mauritius) Pte Ltd," said a notice filed with the Competition Commission of India (CCI) on Thursday. Baytree Investments (Mauritius) is an affiliate of Singapore's sovereign wealth fund Temasek Holdings. The proposed transaction is being notifie

Tata Sons' de-registration application under consideration, says RBI

On Thursday, the regulator released the list of NBFC-UL for 2024-25 in which 15 entities are named, same as financial year 2023-24. No new NBFCs were included in the list for FY25

Cash cow: TCS dividend to Tata Sons nears Rs 25,000 cr in FY25 so far

Tata Sons received its highest ever dividend of Rs 30,418 crore in FY23. In FY24, Tata Sons used its dividend income to repay its entire debt, successfully transforming into a debt-free company

Committed to turning Air India into top-class airline: Tata Sons chairman

Tata Sons Chairman N Chandrasekaran on Saturday said his company is fully committed to transforming Air India into a top-class airline, delivering exceptional service and performance on a global scale. Tata Group acquired Air India in 2022 after the government had signed a share purchase agreement with Tata Sons for the sale of Air India for Rs 18,000 crore. Chandrasekaran was responding to a query during a free side chat with TVS Supply Chain Solutions Ltd Managing Director Ravi Viswanathan at the Global Alumni Meet of NIT Trichy, here, on what people can expect from Air India following the acquisition made by Tata Group in 2022. "My commitment is to take every effort to make Air India, an absolute top-class airline in the world. In terms of the hardware, the flight experience, customer experience, technology and in every which way." Chandrasekaran said. On a lighter note, he appealed to the audience gathered at the venue to urge the aircraft manufacturers Boeing and Airbus to ...

Despite moderation, India will be fastest growing economy: N Chandrasekaran

Tata Group Chairman N Chandrasekaran highlighted three major transitions in the world, including shift to renewable energy, that are moving in line with India's strengths

Here's how India Inc and industry leaders pay tribute to Manmohan Singh

Billionaire industrialist Gautam Adani described former Manmohan Singh as "a rare leader who spoke softly but achieved monumental strides through his actions"

CSIR-NIIST director Anandharamakrishnan to get Tata Transformation Prize

C Anandharamakrishnan, agricultural scientist and Director of the Council for Scientific and Industrial Research (CSIR)National Institute for Interdisciplinary Science and Technology (NIIST), has been selected for this year's Tata Transformation Prize, the institute said here on Monday. The award is jointly instituted by Tata Sons and the New York Academy of Sciences. The Tata Transformation Prize recognises outstanding scientists working on pioneering technologies in the fields of food security, sustainability, and healthcare, a release said. A pioneer in food engineering research, Anandharamakrishnan's work towards the development of fortified rice has the potential of making a far-reaching impact in addressing the dual challenges of providing a vital nutritional boost and a healthier diet to millions, the New York Academy of Sciences noted while announcing the award. Award winners are selected by a confidential jury, independently chosen by the New York Academy of Sciences, ...

Noel Tata set to make debut at Tata Sons board meeting on November 21

Noel Tata was named chairman of Tata Trusts, which holds 66% in Tata Sons, after Ratan Tata passed away last month. Soon after, Noel was inducted into Tata Sons board as a Trusts nominee director