Fun Zone

Search This Blog

Ratan Tata Family Tree

October 28, 2016

Get link
Facebook
Twitter
Pinterest
Email
Other Apps

Ratan Tata Family Tree

INFO

Get link
Facebook
Twitter
Pinterest
Email
Other Apps

Comments

Ratan Tata Wants Buyer For Cyrus Mistry's Stake In Tata Sons

RatanTata looks Buyer For Cyrus Mistry's Stake inTataSons IF YOU LIKE MY BLOG PLEASE SUBSCRIBE. The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their interest in purchasing the Mistry family's stake if it became available. Ratan Tata, who returned this week to the helm of India's largest conglomerate, is seeking a partner that could buy out the Tata Sons Ltd. stake held by the family of ousted Chairman Cyrus Mistry, people with knowledge of the matter said. The Tata family trusts have reached out to sovereign wealth funds and other long-term investors to gauge their interest in purchasing the Mistry family's stake if it became available, according to the people. The trusts held preliminary talks with potential buyers of the about 18 percent Tata Sons stake as they prepare for a number of possible scenarios, the people said. Mistry's family doesn't currently plan to sell i

Ratan Tata wants to buy out Shapoorji Pallonji Mistry stake in Tata Sons.

Ratan Tata wants to buy out Shapoorji Pallonji Mistry stake in Tata Sons. Ratan Tata is exploring options to buy out the 18.4 percent stake the Shapoorji Pallonji group has in Tata Sons, according to a report in Bloomberg . Tata Sons is the holding company for the Tata group and Tata Trusts hold 66 percent stake. The move comes at a time when the tension between both business groups have arisen after the ouster of Cyrus Mistry, son of Shapoorji Pallonji Mistry, as chairman of Tata Sons earlier this week in a boardroom coup. The report further says that the Tata group has begun talks with sovereign wealth funds and other long-term investors to explore possibility of tie-ups for a buyout. The talks are part of the Tata group's efforts to prepare for "various scenarios", said the report. Anyways, it remains to be seen whether the Shapoorji Pallonji group would want to sell their stake in the Tata Group, at all. The same Bloomberg report quotes Paras

Powered by Blogger

Ratan Tata Family Tree

Comments

Post a Comment