 "Cyrus Mistry Photo: Kamlesh Pednekar")
Tata Group says it's open to buying Mistry group's shares to aid fundraising
Tata Group, India’s largest conglomerate, is open to buying the shares in Tata Sons Pvt. held by the Shapoorji Pallonji Group to aid the latter’s fund raising efforts, Tata’s lawyer told India’s Supreme Court. The Shapoorji Pallonji Group, controlled by tycoon Pallonji Mistry and his family, own about 18% of closely held Tata Sons, the holding company of the $113 billion software-to-cars Tata empire. Read More...
Sebi to prescribe stress tests, liquid holdings for debt mutual funds
The Securities and Exchange Board of India (Sebi) on Tuesday
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