Tata Chemicals

Timelines

27 Dec 2018

HDFC Group briefly overtook Tata Group as India's most-valued conglomerate

Following Wednesday's trading session, the Tata Group lost the distinction of being the most valuable conglomerate in India.

17 Aug 2017

Tata Sons to scrap all deals with Cyrus Mistry's group

Under chairman N Chandrasekaran's directions, the board of Tata Sons has ordered its group companies to scrap all business dealings with Cyrus and Shapoor Mistry's Shapoorji Pallonji Group.

28 Feb 2017

Tatas can force Mistry family to sell stake

By passing a special resolution, Tata Sons Ltd may ask the Mistry family firms to exit the shareholders' group after 50 years of association.

06 Feb 2017

Tata Sons' shareholders vote out Cyrus Mistry from board

On Monday, the shareholders of Tata Sons Ltd., controlled by Tata Trusts and Tata Companies, together voted to oust Cyrus Mistry as a director in an extraordinary general meeting (EGM).

19 Jan 2017

National Company Law Tribunal rejects Mistry's plea

The National Company Law Tribunal has dismissed pleas by 2 companies owned by the Mistry family which alleged violations of NCLT directives in removing Mistry from Tata Sons' board.

12 Jan 2017

Natarajan Chandrasekaran appointed as new Tata Sons chairman

N.Chandrasekaran, the CEO and managing director of TCS has been appointed the new chairman of Tata Sons. He took over as TCS CEO in 2009.

24 Dec 2016

Wadia voted out of Tata Chemicals

Nusli Wadia was voted out of the board of Tata Chemicals with over 75% of the votes going against him; Wadia was also voted out of the board of Tata Steel with over 90% of votes going against him.

23 Dec 2016

After Wadia's ouster, Tata Steel shares drop by 3%

Following the ouster of independent director Nusli Wadia from the board of Tata Steel, the company's shares dropped down over 3%.

22 Dec 2016

Nuslia Wadia no longer Tata Steel director

Independent director of Tata Steel on Thursday said that Nusli Wadia was removed from its board; 90.8% of the votes favoured his ouster.

19 Dec 2016

Cyrus Mistry resigns from all listed Tata Companies

In a key development, Cyrus Mistry has resigned from six Tata Group Companies.

16 Dec 2016

Wadia alleges mismanagement, files defamation-suit against Tatas

Nusli Wadia alleged that the management of Tata Chemicals coerced directors ahead of the EGM to side with Tata Sons instead of Cyrus Mistry.

14 Dec 2016

Friends turned foes: Wadia accuses Tata of wrongdoings

Following the ouster of Tata Sons Chairman Cyrus Mistry, an old confidante, Nusli Wadia, targeted Ratan Tata.

05 Dec 2016

Cyrus Mistry seeks government intervention in Tata Trusts

After being ousted from Tata Sons, Cyrus Mistry asked the government to mediate in the affairs and business decisions of the Indian conglomerate.

30 Nov 2016

Tatas look to bring old guns to head key companies

Sources said that Tata Sons is considering bringing back veterans to head key group companies in light of the Tata-Mistry split.

28 Nov 2016

Wadia, Mistry to contest removal from Tata Motors

Nusli Wadia and Cyrus Mistry will contest the proposal to remove them from Tata Motors; Tata Sons called for an EGM of Tata Motors to take stock of the Tata-Mistry fall-out.

27 Nov 2016

Tata-Mistry spat continues unabated

Sources have revealed that Cyrus Mistry and Nusli Wadia are likely to address the Tata Steel EGM; sources said that both Wadia and Mistry intend to make a written and oral presentation to shareholders.

25 Nov 2016

Cyrus Mistry fired as Tata Steel Chairman

After Tata Power and Tata Chemicals, Tata Steel's board expelled Cyrus Mistry as their Chairman.

25 Nov 2016

Harish Manwani to lead Tata Group?

Sources revealed that former Unilever COO Harish Manwani is being considered as a candidate to possibly lead the Tata Group as new Chairman.

23 Nov 2016

Nusli Wadia serves notice to Tatas

Nusli Wadia has sent another defamation notice to Tata Sons after he sent the first one on Monday over an EGM that sought to remove him from Tata Steel.

22 Nov 2016

Wadia won't go down quietly: Asks Tatas to withdraw charges

Nusli Wadia, an independent director and an old Tata associate wrote a strongly worded letter warning the board of directors of Tata Sons against his expulsion.

18 Nov 2016

TCS shareholders to vote for Mistry's removal

Tata Consultancy Services has become the first group company to call a shareholders meet to decide upon Cyrus Mistry's removal; the meeting is scheduled for 13 December.

17 Nov 2016

Tata Global Beverages replaces Cyrus Mistry as Chairman

Tata Global Beverages informed stock exchanges their board decided to replace Cyrus Mistry as Chairman by a majority vote.

14 Nov 2016

Mistry defends independent directors

Cyrus Mistry lambasted Tata Sons for questioning the loyalty of the independent directors of Indian Hotels Limited and Tata Chemicals; Mistry contended that six out of the nine directors were appointed under Ratan Tata's leadership and two were trustees of the Ratan Tata Trust.

13 Nov 2016

2 unions of Tata Motors support Ratan Tata

Two unions of Tata Motors, representing over 16,000 workers, came out in support of Ratan Tata ahead of a board meeting of the company.

12 Nov 2016

Mistry still Tata Steel head; Board deeply divided on Mistry

At the Tata Steel board meeting, independent directors remained split on the question of supporting Chairman Cyrus Mistry.

11 Nov 2016

Tata's attempt to remove Mistry from all group companies.

After removing Cyrus Mistry from the board of Tata Consultancy Services, the Tata Sons group is making attempts to remove Mistry from the boards of all group companies.

10 Nov 2016

TCS: Mistry to be replaced by Ishaat Hussain

Tata Sons has directed their group company Tata Consultancy Services to appoint Ishaat Hussain as their new interim chairman in place of Cyrus Mistry.

08 Nov 2016

Govt to take stock of Tata-Mistry dispute

Finance Minister Arun Jaitley has summoned the independent directors of Tata Group Companies to take stock of the fall-out of the Tata-Mistry split.

05 Nov 2016

Indian Hotels Company's 6 directors publicly repose faith in Mistry

6 independent directors of Indian Hotels Company (IHCL) publicly showed faith in Cyrus Mistry's management ahead of the scheduled board meeting.

04 Nov 2016

Turbulent times continue at Tatas

Sources stated that the Mistry family does not wish to sell the 18.5% stake it has in Tata Sons.

02 Nov 2016

Mistry remains chairman of 2 Tata group units

The Tata empire seemed to be in jeopardy as Cyrus Mistry remained the chairman of 2 group units; Tata Sons doesn't hold a majority in Tata Power and Tata Motors.

31 Oct 2016

Mistry may be covered by Tata Director's Insurance

Reports indicate that Cyrus Mistry may be covered by a Director's insurance policy purchased by Tata sons, to protect top level management from legal action initiated by shareholders, employees or authorities.

30 Oct 2016

More resignations; Tata, Mistry meet PM

Tata Public Affairs Head Madhu Kannan and Group Strategy Executive Nirmalya Kumar resigned in solidarity with Cyrus Mistry.

28 Oct 2016

Tata loses over Rs.44,000 crore market cap in 3 days

Amid the ongoing controversy surrounding Cyrus Mistry's hurried exit from Tata, the company lost over Rs.44,000 crore worth of market capitalization in just 3 days.