Focus of Tata-Mistry dispute could shift to what each party thinks is fair valuation of the stake, with court filings pegging it at more than Rs 1.5 lakh crore.
Ratan Tata is personally leading the charge in the Supreme Court appeal against NCLAT order that directed the Tata group to rehire Cyrus Mistry as chairman.
The petition has sought a direction from the Supreme Court to set aside or quash the NCLAT findings, which held Ratan Tata's actions against Cyrus Mistry as ‘oppressive’.
In May 1974, RSS chief Madhukar Dattatraya Deoras spoke at a lecture series in Pune about caste-based discrimination and social equality within the Hindu fold.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
While the IAF remains committed to the Tejas programme and has placed orders for 180 Tejas Mk1A, the force is eagerly waiting for the Tejas Mk 2 version.
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Tatas have a 150 year old reputation for integrity and ethical conduct. Honestly, it should not have come to this. Suppression of minority interests should not be added to the list of missteps. As microscopic shareholders of several Tata companies, our family too has felt the pain of value destruction caused by some poor commercial decisions. In the case of the Mistry family, the volumes would have been vastly greater. The valuation of the shares should be done by firms of global repute, hopefully more productive than the one retained to select Mr Ratan Tata’s successor.
Tatas have a 150 year old reputation for integrity and ethical conduct. Honestly, it should not have come to this. Suppression of minority interests should not be added to the list of missteps. As microscopic shareholders of several Tata companies, our family too has felt the pain of value destruction caused by some poor commercial decisions. In the case of the Mistry family, the volumes would have been vastly greater. The valuation of the shares should be done by firms of global repute, hopefully more productive than the one retained to select Mr Ratan Tata’s successor.