Tata Sons Faces IPO Controversy Amid Eftorts to Avoid Listing Under RBI’s SBR Framework
4 months, 2 weeks ago

Tata Sons Faces IPO Controversy Amid Eftorts to Avoid Listing Under RBI’s SBR Framework

Live Mint  

With less than a year remaining for Tata Sons to comply with the Reserve Bank of India’s mandate for public list- ing under the Scale-Based Regulation framework, the company is attempting to bypass this requirement. Tata Sons has applied to voluntarily surrender its registration with the RBI, which would remove it from regulatory oversight, exempting the company from the SBR guidelines for systemically important non-banking financial com- panies. Market experts warn that if the RBI accepts Tata Sons’ request, it could undermine the regulatory framework and set a precedent for other companies to seek similar exemptions. At a recent AGM, the second-largest shareholder, Shapoorji Pallonji Group, voiced support for a Tata Sons IPO, stating it would improve governance and unlock significant shareholder value.

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History of this topic

Tata Capital to file IPO papers to raise over ₹17,000 crore after NCLT nod on merger with Tata Motors Fin: Report
3 weeks ago

Tata Capital to file IPO papers to raise over ₹17,000 crore after NCLT nod on merger with Tata Motors Fin: Report

Live Mint  

Tata Capital, a financial services firm, is expected to file preliminary documents with market regulator SEBI for a $2 billion initial public offering only after receiving final approval from the NCLT for its merger with Tata Motors Finance, according to news agency PTI. Tata Capital, classified as an upper-layer non-banking finance company by the Reserve Bank of India, has already …

Tata Capital board okays IPO plan, likely to raise Rs 15,000 crore
1 month ago

Tata Capital board okays IPO plan, likely to raise Rs 15,000 crore

New Indian Express  

MUMBAI: The board of Tata Capital has approved a mega initial public offering that may raise up to Rs 15,000 crore in primary share sale and will comprise a combination of fresh issue of 23 crore shares and an offer-for sale by existing shareholders who include Tata Sons owning nearly 93% in the upper layer non-banking lender. According to the …

Year Ender: From Ratan Tata's Passing To SEBI Controversy, Here are The Major Headlines Of 2024
3 months ago

Year Ender: From Ratan Tata's Passing To SEBI Controversy, Here are The Major Headlines Of 2024

ABP News  

As we are about to enter the year 2025 in a few days, it is time to look back at some of the most prominent milestones, losses and controversies that shaped the business world in 2024. Here Are Some Of The Major Headlines From The Year 2024 Paytm Payments Bank Controversy Early this year, the Reserve Bank of India directed …

Tata Capital IPO buzz? All you need to know
3 months, 1 week ago

Tata Capital IPO buzz? All you need to know

India Today  

The Tata Group is preparing for a $2 billion initial public offering of its financial services arm, Tata Capital, reported The Economic Times. These include Tata Capital Financial Services, Tata Capital Housing Finance, Tata Cleantech Capital, Tata Securities, Tata Capital Singapore, and a private equity arm. For the financial year ending March 31, 2024, Tata Capital reported a revenue of …

Explained: Why Tata Investment share price jumped 12% today
3 months, 1 week ago

Explained: Why Tata Investment share price jumped 12% today

India Today  

Shares of Tata Investment Corporation Limited rallied 12% in early trade on Tuesday after media reports indicated that the Tata Group has initiated preparations for the IPO of Tata Capital, its flagship financial services arm. TICL’s close association with Tata Sons explains the strong investor interest in its shares, given the anticipated value unlock from the Tata Capital IPO. The …

Tata Trusts: What Role Does It Play In The Tata Group? EXPLAINED
5 months, 2 weeks ago

Tata Trusts: What Role Does It Play In The Tata Group? EXPLAINED

ABP News  

Noel Tata was appointed the chairman of the Tata Trusts on Friday. Tata Trusts is the philanthropic arm of the Tata Group. Meanwhile, Natarajan Chandrasekaran is chairman of the board at Tata Sons, the holding company and promoter of all Tata Group companies. Pallonji Mistry was the chairman of the Shapoorji Pallonji Group and owned major stakes in the Tata …

Tata Sons mulls ways to avoid IPO
1 year ago

Tata Sons mulls ways to avoid IPO

New Indian Express  

NEW DELHI: The mega listing of Tata Sons is likely to get delayed as the holding company of $150 billion salt-to-steel conglomerate is exploring ways to get an exemption from current IPO norms for upper-layer non-banking finance companies. Tata Sons is registered as a Core Investment Company and is categorised as a non-banking finance company upper layer by the Reserve …

Tata Sons considers options to stick to RBI’s upper limit norms for NBFC: Report
1 year ago

Tata Sons considers options to stick to RBI’s upper limit norms for NBFC: Report

Live Mint  

Tata Sons is considering various options to adhere to the Reserve Bank of India's mandates regarding upper-tier Non-Banking Financial Companies, according to a report by CNBC-TV18. According to RBI regulations, any upper-layer NBFC is mandated to list its shares within three years, with Tata Sons expected to adhere to this directive by September 2025. Tata Sons Ltd may fetch a …

Tata Sons Chairman Can't Become Tata Trusts Chairman; Shareholders Approve AoA Amendment
2 years, 6 months ago

Tata Sons Chairman Can't Become Tata Trusts Chairman; Shareholders Approve AoA Amendment

News 18  

Salt-to-software group Tata Sons’ shareholders have cleared a significant amendment to the articles of association, after which Tata Sons and Tata Trusts will have separate chairmen, according to a Business Standard report. Till 2012, Ratan Tata held the position of Tata Sons chairman, besides being the chairman of the Tata Trusts. Any amendment to the AoA of Tata Sons requires …

The secret history of the Tata, Mistry, Wadia feud
3 years, 8 months ago

The secret history of the Tata, Mistry, Wadia feud

Live Mint  

Most shell-shocked of all, and divided on the issue of the Tata–Mistry–Wadia confrontation, is the country’s minuscule, closely-knit Parsi community. Many Parsis thought that the feuding plutocrats, by washing their dirty linen in public, had stained the iconic Tata group’s unblemished 150-year-old reputation in India for its excellence and ethical probity. Fali Nariman, one of the country’s most respected lawyers …

Tata-Mistry dispute: Complete chronology of events
4 years ago

Tata-Mistry dispute: Complete chronology of events

India Today  

Following is the chronology of developments in the Tata-Mistry case in which the Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as executive chairman of Tata Group: October 24, 2016: Cyrus Mistry ousted as Tata Sons chairman, Ratan Tata named as an interim Chairman of the group. December 20: Two Mistry family backed investment firms, Cyrus …

Tata pegs Shapoorji Pallonji stake at half the latter’s claim
4 years, 3 months ago

Tata pegs Shapoorji Pallonji stake at half the latter’s claim

Live Mint  

An elephant-sized difference in views about how much the Pallonji Mistry family’s stake in Tata Sons Ltd is worth has put paid to hopes of a quick truce between the Tata group holding company and its single-largest shareholder. On Tuesday, Tata Sons, which has challenged the Mistry family’s move to pledge or sell its 18.4% stake in the holding company, …

Tata Sons v Cyrus Mistry : NCLAT Has No Power To Appoint Chairman, Submits Salve
4 years, 3 months ago

Tata Sons v Cyrus Mistry : NCLAT Has No Power To Appoint Chairman, Submits Salve

Live Law  

The bench headed by Chief Justice S. A. Bobde heard Senior Advocate Harish Salve for Tata Sons. Tata Sons hold controlling stake in many listed companies of Tatas, like Tata Steel, Tata Chemicals etc", submitted Mr. Salve. "Of course, in that case it can be- If the nominees of Tata Sons and the independent and financial directors of the other …

Shapoorji Pallonji group’s latest offer may not find favour with Tatas
4 years, 5 months ago

Shapoorji Pallonji group’s latest offer may not find favour with Tatas

Live Mint  

The Shapoorji Pallonji group’s offer to swap its stake in Tata Sons Ltd for shares in publicly traded Tata group companies is unlikely to find support at Bombay House, the corporate headquarters of India’s largest conglomerate. Accepting the offer in the current form will risk giving the SP group more say in the listed Tata companies, which may not be …

Shapoorji Pallonji Group Submits Plan to SC for Separation from Tatas
4 years, 5 months ago

Shapoorji Pallonji Group Submits Plan to SC for Separation from Tatas

News 18  

The Shapoorji Pallonji Group on Thursday said it has submitted a plan to Supreme Court to end its seven decades-old association with the Tata Group. “Tata Sons is effectively a two-group company, with the Tata Group comprising Tata Trusts, Tata family members and Tata companies holding 81.6 per cent of the equity share capital, and the Mistry family owning the …

Tata taps wealth funds to buy out Shapoorji stake
4 years, 6 months ago

Tata taps wealth funds to buy out Shapoorji stake

Live Mint  

The Tata group has reached out to several investors, including sovereign wealth funds, to raise funds to buy out the Mistry family’s stake in Tata Sons Ltd, two people directly aware of the ongoing negotiations said. “The discussions are focused on the likely valuation and a possible exit map for the investors.” But given the large size of the transaction, …

Time to separate: Mistry to Tata
4 years, 6 months ago

Time to separate: Mistry to Tata

Live Mint  

The Shapoorji Pallonji group unexpectedly said it will end its seven decades-long partnership with the Tata group, hinting that it is willing to part with its 18.4% stake in Tata Sons Ltd after India’s biggest conglomerate offered to buy it back from its largest minority shareholder as part of a plan to end the country’s biggest corporate feud. The Shapoorji …

"Time To Separate": Shapoorji Pallonji Group Agrees To Exit Tata Sons
4 years, 6 months ago

"Time To Separate": Shapoorji Pallonji Group Agrees To Exit Tata Sons

ABP News  

Shapoorji Pallonji group which owns about 18.5% stake in Tata Sons, announced its separation from the group today saying, "a separation of interests would best serve all stakeholder groups. "In a statement issued on Tuesday, Shapoorji Pallonji, the largest minority shareholder in Tata Group said that the it is necessary for the Mistry group to part ways with it due …

’Tata Sons tried to suppress, harm Shapoorji Pallonji group’: Read the full statement by Mistry family
4 years, 6 months ago

’Tata Sons tried to suppress, harm Shapoorji Pallonji group’: Read the full statement by Mistry family

Live Mint  

The Mistry, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the country's biggest conglomerate took steps to block the family’s attempt to borrow money against Tata shares. on Tuesday informed the Supreme Court that it’s open to buying out the 18% stake owned by the Mistry family’s cash-strapped Shapoorji Pallonji Group if …

Shapoorji Pallonji Group Exits Tata Group, Says Separation of Interest Best for Each Party
4 years, 6 months ago

Shapoorji Pallonji Group Exits Tata Group, Says Separation of Interest Best for Each Party

News 18  

Shapoorji Pallonji Group, the largest minority shareholder in Tata Group, is all set to part ways with it. In a statement, the Mistry group, which owns 18.5% stake in Tata Sons, said a separation from the Tata Group is necessary due to the potential impact this continuing litigation could have on livelihoods and the economy. As the largest minority shareholder …

’Time to separate’: Shapoorji Pallonji Group agrees to exit Tata Sons
4 years, 6 months ago

’Time to separate’: Shapoorji Pallonji Group agrees to exit Tata Sons

Live Mint  

New Delhi: Shapoorji Pallonji Group on Tuesday said it's time to exit from Tata Sons after a relationship that spanned 70 years turned sour in the last few years. "Today, Shapoorji Pallonji Group stated before the Supreme Court that separation from Tata Group is necessary due to potential impact this continuing litigation could have on livelihoods and the economy," the …

Willing to buy Mistry firm shares if they need funds: Tata group
4 years, 6 months ago

Willing to buy Mistry firm shares if they need funds: Tata group

Live Mint  

MUMBAI: The Tata group on Tuesday informed the Supreme Court that they were willing to buy shares of Tata Sons held by the Shapoorji Pallonji group if the latter needs funds. On Tuesday, a Supreme Court bench comprising Justice SA Bobde, Justice AS Bopanna and Justice V. Ramasubramanian ordered a status quo for four weeks on any transfer or pledge …

Tata Group offers to buy out Mistry family stake in shares dispute
4 years, 6 months ago

Tata Group offers to buy out Mistry family stake in shares dispute

Live Mint  

Tata Group, India’s largest conglomerate, said it’s open to buying out the stake held by its largest minority shareholder -- the billionaire Mistry family -- as part of a proposal to help end a years-long legal dispute between the two parties. The nation’s top court on Tuesday barred the Mistry group from pledging or selling any Tata shares until Oct. …

Shapoorji Group set to pledge Tata Sons stake, raise $1 billion
5 years ago

Shapoorji Group set to pledge Tata Sons stake, raise $1 billion

Live Mint  

Mumbai: The Shapoorji Pallonji Group, the heavily indebted construction empire run by billionaire Pallonji Mistry, has reached out to lenders to raise $1 billion by pledging its shares in the Tata group holding company, according to two people aware of the development. The Shapoorji Group is seeking to pledge a part of its 18.4% stake in Tata Sons Ltd, one …

SC Stays NCLAT Judgment Which Reinstated Cyrus Mistry As Executive Chairman Of Tata Sons
5 years, 2 months ago

SC Stays NCLAT Judgment Which Reinstated Cyrus Mistry As Executive Chairman Of Tata Sons

Live Law  

In a temporary relief to Tata Sons Pvt Ltd, the Supreme Court on Friday stayed the December 18 order of the National Company Law Appellate Tribunal which reinstated Cyrus Mistry as the Executive Chairman of the company.A bench comprising CJI SA Bobde, Justices Surya Kant and BR Gavai issued notice to Mistry in the appeal filed by Tata Sons Pvt …

Ratan Tata Files Separate Appeal Against NCLAT Order Favouring Cyrus Mistry
5 years, 2 months ago

Ratan Tata Files Separate Appeal Against NCLAT Order Favouring Cyrus Mistry

Live Law  

Ratan Tata, the Chairman Emeritus, of Tata Sons Pvt Ltd has moved the Supreme Court under Section 423 of the Companies Act, 2013 challenging the National Company Law Appellate Tribunal's order which found him guilty of taking "oppressive and prejudicial steps against the interest of the shareholders of the Tata Sons", particularly Cyrus Mistry. Calling the order "prejudicial to the …

Cyrus Mistry vs Tata Sons: What next in battle of the board
5 years, 3 months ago

Cyrus Mistry vs Tata Sons: What next in battle of the board

India Today  

The December 18 order of the National Company Law Appellate Tribunal reinstating ousted Tata Sons chairman Cyrus Mistry as chairman comes as a major embarrassment for Ratan Tata at the fag end of his illustrious career. That the Mistry family owned Shapoorji Pallonji group has an 18 per cent stake in Tata Sons was of little help. At every stage, …

NCLAT reinstates Cyrus Mistry as Tata Sons executive chairman
5 years, 3 months ago

NCLAT reinstates Cyrus Mistry as Tata Sons executive chairman

The Hindu  

Three years after Cyrus Pallonji Mistry was unceremoniously removed from the post of Executive Chairman of Tata Sons, the National Company Law Appellate Tribunal on Wednesday ruled the decision “illegal”, paving the way for his reinstatement. The replacement of the present ‘Executive Chairman’ and reinstatement of Mr. Mistry will however come into effect after four weeks during which Tata Sons …

Bombay HC Sets Aside Process Issued Against Tata Trustee Venkatraman In Shapoorji's Defamation Complaint [Read Order]
6 years ago

Bombay HC Sets Aside Process Issued Against Tata Trustee Venkatraman In Shapoorji's Defamation Complaint [Read Order]

Live Law  

The Bombay High Court on Wednesday set aside process issued against R Venkatraman, managing trustee of Tata Trusts, in a defamation complaint filed by Shapoorji Pallonji and Company Pvt Ltd under Section 500 of the Indian Penal Code. According to Shapoorji's complaint, Venkatraman made a defamatory statement on May 30, 2018 by issuing a press note on the website of …

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary
6 years ago

Opinion | A Tata Sons IPO could be the answer to Tata Motors’ JLR quandary

Live Mint  

India’s Tata Group should treat the speed bump at Jaguar Land Rover as a timely memo: the $102 billion salt-to-software conglomerate can no longer put off listing its closely held parent. When I suggested a Jaguar Land Rover IPO in Hong Kong or London, Chandra, as he’s known, had just been named Tata Sons’ chairman. Preferred shares would give the …

Tata Sons: Relief for Cyrus Mistry as NCLAT allows to continue action against company
7 years, 6 months ago

Tata Sons: Relief for Cyrus Mistry as NCLAT allows to continue action against company

Firstpost  

Tata Sons said the group would examine the ruling and “continue to defend its position at all appropriate legal forums.” Mumbai: An appeals court ruled on Thursday that former Tata Sons Chairman Cyrus Mistry can press ahead with a legal battle against the salt-to-software conglomerate that had earlier been dismissed. Tata Sons said the group would examine the ruling and …

Tata Sons shareholders back move to become a private company
7 years, 6 months ago

Tata Sons shareholders back move to become a private company

Live Mint  

Mumbai: Shareholders of Tata Sons Ltd on Thursday voted in favour of the Tata group holding firm becoming a private company in the first annual general meeting under the chairmanship of N. Chandrasekaran. Cyrus Mistry, the ousted chairman of Tata Sons, has opposed the move to take the holding company public because it will restrain the ability of his family …

Tata Sons seeks approval to give voting rights to preferential shareholders
7 years, 6 months ago

Tata Sons seeks approval to give voting rights to preferential shareholders

Live Mint  

Mumbai: Tata Sons Ltd has sought shareholders’ approval to give voting rights to preferential shareholders, if the holding company has not been able to pay dividends for a period of two years or more. The move, said legal experts, is yet another negative for the Mistry family as it further dilutes their rights, even as it strengthens the effective control …

Allegations and losses: Tata Sons’ Chandrasekaran has a lot to clean up
8 years, 1 month ago

Allegations and losses: Tata Sons’ Chandrasekaran has a lot to clean up

Hindustan Times  

For most top executives, the job that Natarajan Chandrasekaran landed with would be a dream one. Tata Group’s credibility has depleted after the boardroom battle, following the ouster of Cyrus Mistry, the former chairman of Tata Sons. According to Institutional Investor Advisory Services, Chandra should first reinstate the old trust that the Tata Group enjoyed, and ensure that “governance structures, …

All you need to know about Cyrus Mistry’s sacking as Tata Sons chief, aftermath
8 years, 2 months ago

All you need to know about Cyrus Mistry’s sacking as Tata Sons chief, aftermath

Hindustan Times  

The Tata Group surprised everyone when on October 24, the Tata Sons board, the holding company for the conglomerate, approved a resolution to remove Cyrus Mistry as chairman of Tata Sons. After Cyrus Mistry’s ouster in October, Tata Sons’ board had set up a five-member selection committee that included Ratan Tata to choose a new chairman within the next four …

Brand Tata at stake as investor loyalty tested in corporate battle
8 years, 3 months ago

Brand Tata at stake as investor loyalty tested in corporate battle

Live Mint  

Mumbai: The biggest proxy fight to rock corporate India looms as six listed Tata Group companies prepare to ask investors to pick between Ratan Tata and the man he replaced as chairman of the nation’s largest conglomerate. Tata Consultancy Services Ltd chief executive officer Natarajan Chandrasekaran and chairman Ishaat Hussain met fund managers from BlackRock Inc. and Vanguard Group Inc. …

Tata-Mistry feud: Markets regulator Sebi has stepped up scrutiny on developments
8 years, 4 months ago

Tata-Mistry feud: Markets regulator Sebi has stepped up scrutiny on developments

Firstpost  

The watchdog is seeking to prevent violation of corporate governance norms and protect investors’ interest New Delhi: Markets regulator Sebi has stepped up scrutiny on developments in the escalating Tata-Mistry feud, keeping a close vigil on all disclosures being made as also the finer details of the board meetings of listed firms of the Tata group. More than two dozen …

Tata Sons under Sebi’s radar over violation of insider-trading regulations
8 years, 4 months ago

Tata Sons under Sebi’s radar over violation of insider-trading regulations

India TV News  

Amid the flurry of controversies raised after Cyrus Mistry’s ouster from Tata Sons, the Securities and Exchange Board of India has initiated a preliminary examination of the arrangement between Tata Sons and group companies to understand whether it is in accordance with current insider-trading regulations. According to an Economic Times report, Sebi is also examining whether price-sensitive information was disclosed …

Tata-Mistry spat raises issues of corporate governance
8 years, 4 months ago

Tata-Mistry spat raises issues of corporate governance

ABP News  

The Cyrus Mistry saga has been done to death. Though the epicenter of this quake was Bombay House, the headquarters of Tata Sons, it has shaken entire corporate India and the tremors were also felt in the capital's corridors of power, especially the Finance and Corporate Affairs Ministry and, some suspect, even the PMO. This was probably triggered by rumours …

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