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.

Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp
Share on twitter
Twitter
Share on facebook
Facebook
Share on email
Email
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...
April 2, 2022
Monthly Snapshot – March 2022
Click here to download the report The fact is that life is all about risks. You will never achieve...
March 2, 2022
Monthly Snapshot – February 2022
Click here to download the report The motive behind Russia’s invasion of Ukraine remains a mystery as of now....
February 1, 2022
Monthly Snapshot – January 2022
Click here to download the report As you wait for the Union Budget to be unveiled at 4 p.m.,...
January 11, 2022
The Paradigm Shift in Personal Finance post Pandemic
Introduction to Personal Finance Personal finance is the management of your money through saving and investing. It is concerned...
January 2, 2022
Monthly Snapshot – December 2021
Click here to download the report 2021 was undeniably the best year for Indian startups and the equity market,...
December 25, 2021
Aviation Sector
Industry Insights: The aviation industry has contributed significantly to global economic growth. The global aviation industry is expected to...
December 2, 2021
Monthly Snapshot – November 2021
Click here to download the report After months of farmer protests, Prime Minister Sri Narendra Modi has scrapped the...
December 1, 2021
Scope of REIT
A real estate investment trust (“REIT”) owns, operates, and finances income-generating real estate properties. REITs offer a pleasing investment...