HPCL, in a regulatory filing on Sunday, March 28 further stated that the acquisition is likely to be concluded by March 31, 2021, and doesn't require regulatory approval

The industrialist, in a tweet, on Friday, minutes after the SC judgement, \"appreciated\" the top court's verdict, stating that it is a validation of the values and ethics of Tata Group

SC asks both parties to take Article 75 or any other legally available route. It says valuation of shares of SP Group depends on value of stake of Tata Sons in listed equities, unlisted equities, immovable assets, etc

Tata-Mistry case: Since Chandrasekaran took over as chairman on February 21, 2017, Tata Group has been trying to resolve pending issues in group companies and pivot their businesses by leveraging technologies, including Artificial Intelligence (AI), data analytics and cloud computing

A bench headed by Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian ruled on the matter. The Supreme Court had reserved its order on December 17 after hearing both the parties

The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application

How Chairman N Chandrasekaran is revamping the $106 billion group into a future ready, tech enabled conglomerate

Why Shapoorji Pallonji Group, with exposure to worst-hit sectors such as construction, real estate and infrastructure, is exploring options to deleverage

A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian asked the parties to file compiled written submissions and subject index in the matter

CJI Bobde's statement was specifically addressed to Senior Counsel Harish Salve and Dr AM Singhvi, who is appearing for Tata Sons

A major issue is whether both parties will agree for an independent valuation of assets under monitoring of Supreme Court or not. Experts say it will be difficult for both to agree for an outside evaluator as it will force them to accept even an unfavourable valuation

Cyrus Mistry-led Shapoorji Pallonji Group has valued its 18.4 per cent stake in Tata Sons at $24 billion (or Rs 1.75 lakh crore) much higher than Rs 70,000 crore and Rs 80,000 crore estimated by Tata Group

In its petition to the apex court, the SP Group on October 29 had submitted to end its seven-decade-old ties with the Tata Group and has quoted Rs 1.75 lakh crore as the value of their 18.37 per cent stake in Tata Sons

Supreme Court will hear a plea by two investment firms - Cyrus Investments and Sterling Investment - for separation from Tata Sons as part of additional relief in its minority oppression case

The cumulative wealth among the top 20 richest families in Asia amounts to $463 billion, with the Ambanis holding about 16% of that amount

In its petition to the Supreme Court, Shapoorji Pallonji (SP) family on October 29 had submitted to end its seven decades-old tie with the Tata Group

Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report

\"Tata Sons is effectively a two-group company, with the Tata Group comprising Tata Trusts, Tata family members and Tata companies holding about 81.6 per cent of the equity share capital, and the Mistry family owning the balance 18.37 per cent,\" Shapoorji Pallonji family said

Private banks with existing exposure are cautious because of the group's stretched financial situation. The holding company has already approached the banks for a one time restructuring under the COVID-19 relief package

The Group with exposure to real estate, construction and infrastructure sector, is in need of funds for repayment of debt, completion of projects and growth