Ratan Tata-Cyrus Mistry feud: Public fallout alters historic alliance

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Ratan Tata-Cyrus Mistry feud: Public fallout alters historic alliance - Business Standard

Quick Summary:

Cyrus Mistry’s appointment made him the second chairman without the Tata surname, a historic shift in the group’s century-long history.It surprised many.

Over the years, the two families worked closely, with the Mistrys acquiring an 18.4 per cent stake in Tata Sons — the holding company of the $165 billion Tata empire.

The top court also upheld Tata Sons' regulations on minority shareholder rights, thus rendering the Mistry family's shares illiquid unless approved by the company.