 "Corporate")
The National Company Law Appellate Tribunal (NCLAT) said when the combined equity and preference shares shareholding of Tata Sons in future, it would result in only two shareholders of the Tata group holding company -- Ratan Tata and Narotam Sekhsaria -- eligible to file any complaint of oppression and mismanagement against the company even as other shareholders would be reduced to mute spectators.
Tata Sons, valued at a whopping Rs 6 lakh crore, came out with a Rs 291 crore preference share issue, which was subscribed mainly by Tata, Sekhsaria and other Tata group veterans while keeping out the Mistrys.
“We find
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