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

Vote responsibly as each vote counts
and makes a diffrence

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
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Various Tata Group Stocks Tank after NCLAT Restores Cyrus Mistry as Tata Sons Head

Tata Global Beverages tanked 4.14 per cent, Tata Coffee 3.88 per cent and Tata Motors 3.05 per cent on the BSE. Tata Motors was the top loser among the BSE Sensex constituents.

PTI

Updated:December 18, 2019, 4:40 PM IST
facebookTwitter Pocket whatsapp
Various Tata Group Stocks Tank after NCLAT Restores Cyrus Mistry as Tata Sons Head
Image for Representation (File Photo)

New Delhi: Shares of various Tata Group companies on Wednesday plunged up to 4 per cent after the National Company Law Appellate Tribunal (NCLAT) restored Cyrus Mistry as Tata Sons Chairman.

Tata Global Beverages tanked 4.14 per cent, Tata Coffee plunged 3.88 per cent and Tata Motors dropped 3.05 per cent on the BSE. Tata Motors was the top loser among the BSE Sensex constituents.

Also, Indian Hotels Company dipped 2.48 per cent, Tata Chemicals fell 1.65 per cent, Tata Investment Corporation 1.22 per cent and Tata Power Company 0.98 per cent.

In contrast, Tata Consultancy Services stock rose marginally by 0.07 per cent, Tata Metaliks gained 2.07 per cent, Tata Communications 1.68 per cent, Tata Elxsi 1.53 per cent, Tata Steel 1.16 per cent and Titan Company 0.09 per cent.

In a big win for Cyrus Mistry, the NCLAT on Wednesday restored him as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head of the holding company of salt-to-software conglomerate was illegal.

The NCLAT however stayed the operation of the order with respect to reinstatement for four weeks to allow Tatas to appeal.

Mistry, a scion of wealthy Shapoorji Pallonji family, was in a coup removed as Chairman of Tata Sons in October 2016.

Mistry, whose family owns 18.4 per cent stake in Tata Sons, challenged his removal in the National Company Law Tribunal (NCLT).

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
HDFC 2,423.90 0.28
Divis Labs 1,889.95 1.92
Larsen 1,329.45 2.72
Shriram Trans 1,084.20 0.89
Indiabulls Hsg 314.45 6.14
Top Gainers
Company Price Change %Gain
Larsen 1,329.45 2.72
SBI 324.25 2.58
Titan Company 1,204.05 2.24
M&M 565.55 2.08
Tata Motors 189.20 1.97
Top Losers
Company Price Change %Gain
Power Grid Corp 196.80 -1.38
Tech Mahindra 769.20 -1.14
Bajaj Finance 4,095.05 -1.10
Asian Paints 1,763.50 -0.83
TCS 2,195.00 -0.52

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results