The regulator had set up a sub-group under the chairmanship of Keki Mistry, vice chairman of HDFC, to propose changes to the process of buybacks from the open market – through the book-building process and stock exchanges – to make it more efficient and shareholder-friendly.
Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles