Shapoorji Pallonji Group proposes selling a stake in Tata Sons
The Shapoorji Pallonji Group proposed selling a portion of its stake in Tata Sons for at least ₹25,000 crore.
Tata Sons Pvt. Ltd. is the holding company of the Tata Group, headquartered in Mumbai. It owns the bulk of shareholding in the affiliate companies of Tata Group, as well as its land holdings across India, tea estates and steel plants. It derives its revenue from dividends from these companies, and owns the Tata trademark registered in India and several other countries.
Source: Wikipedia (CC BY-SA)The Shapoorji Pallonji Group proposed selling a portion of its stake in Tata Sons for at least ₹25,000 crore.
Tata Sons has reappointed N. Chandrasekaran as chairman, despite formal opposition from Tata Trusts. The disagreement involves concerns over the company's governance model and potential future public listing.
The Shapoorji Pallonji Group proposed selling a portion of its stake in Tata Sons for at least ₹25,000 crore.