Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. Mumbai: Tata Sons and its estranged minority shareholder Shapoorji Pallonji (SP) Group have clashed once again with the former […]
NCLAT restores Cyrus Mistry as chairman of Tata Group, N Chandrasekaran’s appointment held illegal
The order will take effect after four weeks and Tata has the option to challenge it. An appeals court upheld charges by Cyrus Mistry that he was improperly ousted as chairman of the $110 billion Tata Group, paving the way for his reinstatement and marking a loss for the conglomerate’s chairman emeritus Ratan Tata. A […]