They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance
PE players willing to offer credit are asking for two things - a personal guarantee from the SP family, and a pledge of shares in its own group companies.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies
Mistry said his aim at Tata was to ensure a robust board-driven system of decision-making and governance that is 'larger than any one individual'
Tata Sons had liabilities of Rs 33,500 cr and debt-to-equity of 0.7x last year
Mistry said that he is disappointed by the Supreme Court verdict on his battle with Tata Sons
Now the Mistrys are not getting even a board seat on Tata Sons, and the court has left it to both parties to negotiate the exit price of Mistrys
Tata Group may offer an exit to Mistry family from Tata Sons on the basis of valuation chartered accountant Y H Malegam put in 2016.
There's room in India for a Tata super-app to compete with Mukesh Ambani's Reliance Industries Ltd
The court has made it clear that Mistry Group is not a small shareholder and a board seat cannot be allotted to it contractually or by law
Another legal battle over stake valuation must be avoided
Deciding on the valuation depends on the Mistry family, which is under pressure to pay off debts owed by their group.
Here's a timeline of the battle between Tata and Cyrus Mistry
Tata Sons' market value pegged at Rs 6.32 trn based on the holding company discount for its listed peers at present
Reacting to the apex court ruling, Ratan Tata in a tweet said, 'It is not an issue of winning or losing.'
The SC ruled in favour of Tata Sons, allowing its appeals and dismissing the Pallonji Group's plea
A bitter legal and public battle between the two sides erupted when Cyrus Mistry, the scion of the Mistry family, was removed from Tata Sons' board as chairman in October 2016 by its board
As per the Friday's cause list uploaded on the apex court website, a bench headed by Chief Justice S A Bobde would pronounce the verdict
The government on Friday said it has exited Tata Communications after selling 10 per cent stake to Tata Sons' arm Panatone Finvest
The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone Finvest Ltd, according to a regulatory filing