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Wednesday, January 20, 2021

Tata Sons


Tata Sons to buy 32.67% stake in AirAsia India for $37.66 million

December 30, 2020 7:15 am

In a filing to the Malaysian stock exchanges, the AirAsia Group said that the deal, which is worth $37.66 million, will see its share in the Indian budget airline go down to 16.33 per cent.

Tata Sons rejects SP Group separation offer as ‘nonsense’

December 11, 2020 5:00 am

The SP Group had offered a pro-rata division of all the assets of Tata Sons as part of the settlement and had valued its stake at Rs 1.75 lakh crore.

Tata Sons to Supreme Court: SP Group stake worth up to Rs 80,000 crore

December 09, 2020 12:32 am

This is in contrast to SP Group’s claim of the stake’s worth around Rs 1.75 lakh crore.

Shapoorji Group files separation plan from Tata in Supreme Court

October 30, 2020 10:02 am

Tata Sons is a core investment company and is the holding company for the Tata group and its value arises from its stake in listed equities, non listed equities, the brand, cash balances and immovable assets, SP said.

Daily Briefing: As Covid surge sweeps rural Maharashtra, hunt for beds; Ravi Shankar Prasad interview; and more

September 23, 2020 8:42 am

From Shapoorji Pallonji Group's imminent exit from Tata Sons to BCCI sacking 11 coaches, read the top stories from print edition today.

Shapoorji ready to exit as Tata offers to buy out its stake

September 23, 2020 11:31 am

The statement came hours after the Tata Group informed the court that it was ready to buy out the SP Group's stake.

SP Group’s exit from Tata Group: Who can buy its stake, and how

September 24, 2020 9:07 am

Shapoorji Pallonji Group has told the Supreme Court their separation from the Tata Group is necessary, and the Tata Group has said they are willing to buy the stake of SP Group in Tata Sons.

SP Group to ‘vigorously contest’ Tata Sons move in SC against pledging shares

September 13, 2020 1:07 am

The Tatas have argued that the articles of association (AoA) stipulate that shares cannot change hands, including to lenders or other parties and the right of first refusal rests with Tata Sons.

Tata Power seeks shareholders' nod to raise Rs 2,600 crore from Tata Sons

July 07, 2020 3:39 pm

Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons.

Mistry Group seeks up to $1 billion by pledging Tata stake

March 31, 2020 12:34 pm

Mistry’s Shapoorji Pallonji & Co. had 90.2 billion rupees ($1.2 billion) of debt as of Sept. 30, according to rating assessor ICRA Ltd. A representative for Shapoorji Pallonji Group declined to comment.