Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Tata Sons Gets Shareholders' Nod to Make Company Private

As much as 66 percent of Tata Sons is owned by Tata Trusts. Two Shapoorji Pallonji family firms, Cyrus Investments and Sterling Investment, own 18.4 percent.

IANS

Updated:September 21, 2017, 6:18 PM IST
facebookTwittergoogleskypewhatsapp
Tata Sons Gets Shareholders' Nod to Make Company Private
Image for representation only. (Photo: Reuters/Shailesh Andrade)
Loading...
Mumbai: Tata Sons on Thursday got the shareholders approval to convert it into a private company from a public limited holding that will help it become swifter in decision-making.

"All resolutions placed before the AGM (annual general meeting) were passed with a requisite majority," a Tata Sons source said.

As much as 66 percent of Tata Sons is owned by Tata Trusts. Two Shapoorji Pallonji family firms, Cyrus Investments and Sterling Investment, own 18.4 percent.

The remaining shares are with the Tata family, a few group companies and individuals.

Earlier Tata Sons' move to become a private company was opposed by its former Chairman Cyrus Mistry's family terming it as an act of oppression of minority shareholders.
| Edited by: Puja Menon
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results