Shareholder advisory firms feel negotiations for the exit of the Mistrys from Tata Sons may not take inordinately long since both sides want to move on.
The two listed stocks of Shapoorji Pallonji Group jumped on the bourses after the Mistry family said it was considering severing ties with the Tata group.
At the first-ever virtual edition of the Microsoft Envision Forum the theme of which was ‘Innovate. Transform. Grow.’, business leaders dwelt on ways to operate in a world changed by Covid-19.
The monetary resources would help enable the medical and service fraternity on the front line of the battle against the pandemic and in mitigating its wide-ranging human impact.
Many other corporate houses like Bajaj, JSW, L&T, ITC and even the BCCI have pledged resources to combat the pandemic and alleviate the hardships faced by the poor.
In another attempt to sweeten the deal for buyers interested in Air India, the government has amended the FDI policy on investment in the flag carrier.
The Tata group has filed a petition in the apex court seeking a stay on the order to reinstate Tata Sons ex-chairman Cyrus Mistry; claims the relief provided to Mistry is untenable in law.
All stakeholders should collectively work for the benefit of the Tata group, said Mistry after the verdict was in his favour, which found merit in his claim of oppression and prejudicial behaviour.
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.
