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Tata Sons' conversion from public to private company illegal: Tribunal
short by Krishna Veera Vanamali / on Wednesday, 18 December, 2019
The National Company Law Appellate Tribunal has said the Registrar of Companies' decision to convert Tata Sons into a private limited company from a public limited company was illegal and "prejudicial" to minority shareholders. The court ordered that Tata Sons be classified again as a public company, giving minority shareholders like the Mistry family more autonomy to sell their shares.
read more at Bloomberg Quint