Welcoming TATA Sons back on Exchanges?

The sixth chairman of Tata Group, Cyrus Mistry, was deposed from the position on charges of mismanagement in October 2016, after having served for 4 years. In his stead, Natarajan Chandrasekaran was soon appointed as the new Executive Chairman of the salt-to-software conglomerate. Two of Mistry’s entities – Cyrus Investments & Sterling Investments filed an “oppression & mismanagement” case against Tata Sons – the holding company of the Group – in December 2016, which was subsequently dismissed by NCLAT. After removal of Mistry, Tata Sons received clearance from the RoC to go from deemed public limited to private limited in August 2018. On 18th December 2019, NCLAT held the appointment of N Chandrasekaran an illegal event and restored Cyrus Mistry as Chairman. It also ruled the Company’s move to go private as unlawful and ordered a reversal. “The outcome of the appeal is a vindication of my stand taken when the then board of Tata Sons, without warning or reason removed me, first as the executive chairman, and subsequently as a director of Tata Sons”, Mistry said in a statement.

October 1, 2022
Monthly Snapshot – September 2022
Click here to download the report The US market is witnessing the sharpest reversal in its real-estate sector after...
September 20, 2022
Conflict Theory
Why are we Constantly Competing?  “A house may be large or small; as long as the neighboring houses are...
September 6, 2022
Cosmo First Limited
Key Highlights Rebranded to Cosmo First Limited Foraying into the D2C Petcare industry with the launch of ZIGLY, a...
September 2, 2022
Monthly Snapshot – August 2022
Click here to download the report China has undertaken a slew of economic measures and policies to revive its...
July 31, 2022
Monthly Snapshot – July 2022
Download the report The GST Council recently reviewed tax rates and assumptions for certain items to promote growth in...
July 5, 2022
Monthly Snapshot – June 2022
Click here to download the report WTO recently made special announcements- the end of fishing subsidies to illegal fisheries...
June 29, 2022
Kansai Nerolac Paints Limited
Click here to download the report Key Highlights Nerolac introduced Neropoxy Solvent Free coating for water pipelines and C5...
June 3, 2022
Monthly Snapshot – May 2022
Click here to download the report When it comes to instant noodles which is the first brand that comes...
May 12, 2022
Campus Activewear Limited
Click here to download the report Campus Activewear: Athleisure Super-Giant in the making? Overview Campus Active Ltd. (NSE: CAMPUS)...
April 30, 2022
Monthly Snapshot – April 2022
Click here to download the report When we think or hear of e-commerce websites, the first few names that...