Cyrus Mistry owns Rs 1,000 crore worth TCS shares

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Cyrus Mistry owns Rs 1,000 crore worth TCS shares Nearly Rs 1,000-crore worth stock of Tata Consultancy Services (TCS) are owned by the fired chairman of Tata Sons Cyrus Mistry, according to a report by software major's annual. Mistry also owns some percentage in the other companies of the group like Tata Motors, Indian Hotels, Tata Global, Tata Chemicals and Tata Power, the report added. Regardless of him being fired as the chairman of Tata Sons, he still is the Chairman of these companies along with some others too.
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The stocks that are owned by Mistry is in addition to the 18.5% stake that his family group- Shapoorji Pallonji (SP) Group- owns in Tata Sons. The worth of SP Group’s holding on 1st November was Rs 81,140 crore.

SP group also holds Rs 63,158 crore worth of stakes in TCS too and that is a little over three fourth of the total company. The family group of Mr. Mistry also hold a substantial stock like Rs 7,983 crore worth stakes in Tata Motors, RS 1,500 crore worth stakes in Tata Communication, Rs 2,279 worth stakes in Tata Steels, 1,281 crore, Rs 1,281 crore worth stakes in Titan and Rs 1,234 crore worth stakes in Tata Power.

Other than the direct holding in 15 listed companies, Tata Sons has an indirect control over many other companies in which it holds stakes through other companies.

Tata Group also holds majority stakes in many unlisted companies through Tata Sons, ehich weren’t valued. Thses include Tata Teleservices, IPO-bound Tata Sky, Tata AIA Life Insurance, Tata AIG General Insurance, Tata Mutual Fund and Infiniti Retail.
(image: Indiatimes)
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