P R Sanjai And Upmanyu Trivedi Bloomberg

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after India's biggest conglomerate took steps to block the family's attempt to borrow money against Tata shares.

State Bank of India has claimed that Anil Ambani offered about $160 million of personal guarantees while seeking loans in 2016 for RCom.

In a severe blow to the Tata Group, the National Company Law Appellate Tribunal said December 18 that Cyrus Mistry was improperly removed in October 2016 at the behest of Ratan Tata, chairman-emeritus of the group, whose actions were "oppressive" for minority investors. Meanwhile, Mr Mistry said that he doesn't want to return, but will fight to pro...

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after India's biggest conglomerate took steps to block the family's attempt to borrow money against Tata shares.

State Bank of India has claimed that Anil Ambani offered about $160 million of personal guarantees while seeking loans in 2016 for RCom.

In a severe blow to the Tata Group, the National Company Law Appellate Tribunal said December 18 that Cyrus Mistry was improperly removed in October 2016 at the behest of Ratan Tata, chairman-emeritus of the group, whose actions were "oppressive" for minority investors. Meanwhile, Mr Mistry said that he doesn't want to return, but will fight to pro...