Wadia illegally sold 8.69% Tata Sons stake
The New Indian Express Kottayam|December 16, 2024
A PUBLIC interest litigation has alleged that Bombay Dyeing group chairman Nusli Wadia has misappropriated 8.69% stake that FE Dinshaw Ltd owned in Tata Sons since the 1920s, and transferred the shares to the Shapoorji Pallonji group in the 1970s soon after he was made the administrator of the Indian trust, which owned the stake in FE Dinshaw Ltd.
BENN KOCHUVEEDAN @Mumbai
Wadia illegally sold 8.69% Tata Sons stake

Though the petition could not calculate the actual value of the share transaction, given that the Tata group is worth over $150 billion today, the value involved could be around $14 billion or ₹1.2 lakh crore.

Dinshaw Trust, which was established by Edulji Dinshaw, the son of the senior Dinshaw, willed all its assets to two New York-based American charities.

The Indian assets of the trust included the 8.69% holding it had in Tata Sons, and over 1,000 acres of land around Malad in the northwestern suburb of the megapolis.

Wadia claimed ownership over all these assets following an agreement on 1 August 2003.

この記事は The New Indian Express Kottayam の December 16, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は The New Indian Express Kottayam の December 16, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

THE NEW INDIAN EXPRESS KOTTAYAMのその他の記事すべて表示
The New Indian Express Kottayam

UDF leadership decides to formulate plans to resolve people's issues

CONTRARY to current tactics of highlighting the ruling front's failures on different issues, the UDF will adopt a different line now: Convincing the voters how it proposes to resolve their issues if voted to power.

time-read
2 分  |
December 18, 2024
Chelsea's Mudryk fails drugs test: Club
The New Indian Express Kottayam

Chelsea's Mudryk fails drugs test: Club

CHELSEA forward Mykhailo Mudryk has failed a doping test, the Premier League club said on Tuesday, as reports stated the Ukraine international has been provisionally suspended.

time-read
1 min  |
December 18, 2024
Soon, over dozen women to steer Kochi Metro's e-feeder autos
The New Indian Express Kottayam

Soon, over dozen women to steer Kochi Metro's e-feeder autos

NOT many women had turned up to steer Kochi Metro's feeder autos christened 'Commuto' when the electric vehicles were introduced last year, but the scenario is set for a major change.

time-read
2 分  |
December 18, 2024
Two arrested for dragging tribal man along road
The New Indian Express Kottayam

Two arrested for dragging tribal man along road

POLICE have arrested two youngsters in connection with the incident in which a tribal man, Mathan, was dragged alongside a car for around 400m near Mananthavady in Wayanad.

time-read
1 min  |
December 18, 2024
The New Indian Express Kottayam

Drive responsibly or face music, MVD tells private bus operators

APPARENTLY identifying reckless driving by private bus drivers as a major cause of the alarming rise in the number of road accidents in the state, the motor vehicles department (MVD) has come out with a slew of deterrent measures like geotagging the carriers using GPS and suspending the permit of vehicles that cause serious accidents.

time-read
1 min  |
December 18, 2024
The New Indian Express Kottayam

RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS

Poor form and captaincy issues could be two unrelated things as Rohit falls for another low score on day four in Brisbane on Tuesday

time-read
7 分  |
December 18, 2024
The New Indian Express Kottayam

RAHUL AND JADEJA BRING ORDER AS INDIA TAIL WAGS

SOMEWHERE in the middle of the first innings, Virat Kohli rushed out of the Gabba dressing room, called up Abhimanyu Easwaran, told him something in earnestness and sent him off to the ground.

time-read
3 分  |
December 18, 2024
The New Indian Express Kottayam

Two World Champions, 31 GMs, Tamil Nadu is the best: Anand

OPEN rooftop car. Scores of people. Cavalcade of cars. It was another maddening but memorable day in the newly-crowned world champ, D Gukesh's, life.

time-read
2 分  |
December 18, 2024
The New Indian Express Kottayam

Rana wouldn't have got into our playing XI: Gujarat coach Klinger

GUJARAT GIANTS, after finishing last in the back-to-back Women's Premier League points table, went into the mini-auction looking to make a few important changes.

time-read
2 分  |
December 18, 2024
The New Indian Express Kottayam

Bid in satellite spectrum not feasible: Scindia

A day after Congress leader Jairam Ramesh raised concerns over the government's decision to administratively allocate satellite spectrum in the country, communications minister Jyotiraditya Scindia on Tuesday defended the move, saying that satellite spectrum is neither suitable nor practical for auction.

time-read
1 min  |
December 18, 2024