Stock advisory Company, Tata Sons’ plan to go private seen as a blow to Mistry

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Tata Sons Ltd’s proposal to convert itself into a private limited company from a public limited one will effectively restrict the Mistry family’s ability to sell its stake in the Tata group holding company to external entities.

It also has the potential to escalate a feud between the 149-year-old group and it's largest minority shareholder which was triggered by the October 2016 ouster of Cyrus Mistry as Tata Sons chairman.

In a letter to the board of Tata Sons, Cyrus Investments Pvt. Ltd, an investment firm of the Mistry family, has objected to the proposal, calling it “yet another weapon” to oppress minority shareholders.