LIC significantly upped its exposure to Tata Group companies, while Tata Trusts collectively owns around 66 percent of Tata Sons.
2 reports, 2 independent
Updated Sep 21
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What happened
LIC significantly upped its exposure to Tata Group companies, while Tata Trusts collectively owns around 66 percent of Tata Sons.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.TCS is now LIC's largest investment within the Tata Group.1 source
LIC significantly increased its exposure to Tata Group companies.1 source
Keep exploring
Part of
Tata Trusts controls Tata Sons with a 66% share, discussing operational performance and investment requirements.Also in this story
- Noel Tata chaired Tata Trusts and opposed the board's decision regarding the reappointment of the executive chairman.
- Air India seeks additional equity from its owners.
- Noel Tata is stepping down from his top position at Trent, the flagship retail company, which is undergoing aggressive expansion.
- Tata Sons and Tata Trusts are undergoing governance reviews and strategic discussions involving the Reserve Bank of India.
The entities involved
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Life Insurance Corporation of India
Indian state-owned insurance group and investment company
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Tata Group
Indian multinational conglomerate
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Tata Trusts
nonprofit organization in Mumbai, India
Related events
- Tata Trusts controls 66% of Tata Sons, and the RBI is examining an application to surrender CIC registration.
- The Tata Group structure, including Tata Sons, is supporting research institutions like TIFR and TISS through dividend flows, while facing governance concerns raised by Sharad Pawar.
- Shapoorji Pallonji Group, led by Shapoor Mistry, is attempting to acquire shares in Tata Sons.
- Tata Group holds a 68.51% stake in Tata Investment Corporation (TIC).
- Tata Steel is a major operational unit of the Tata Group, and Praveer Sinha is identified as a CEO and contender for group leadership.