DoCoMo impasse: Siva group hopes for a settlement

It has defaulted on Rs 700-cr payment to Tata Sons for buyback of Tata Tele shares from DoCoMo

Dev Chatterjee & T E Narasimhan  |  Mumbai/ Chennai 

Enthused by the DoCoMo-Tata agreement, Chennai-based entrepreneur C Sivasankaran, who has defaulted on a Rs 700-crore payment to Tata Sons for buyback of Tata Teleservices shares from DoCoMo, expects a settlement with Tata Sons over their legal dispute. After the Siva group had defaulted, Tata Sons led by the then chairman Cyrus Mistry had threatened to move court. But, before Tata Sons could go ahead with the litigation, the Siva group sent a legal notice to Tata Sons on September 19 last year, alleging oppression and mismanagement of Tata Teleservices.  With a new ...

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DoCoMo impasse: Siva group hopes for a settlement

It has defaulted on Rs 700-cr payment to Tata Sons for buyback of Tata Tele shares from DoCoMo

It has defaulted on Rs 700-cr payment to Tata Sons for buyback of Tata Tele shares from DoCoMo Enthused by the DoCoMo-Tata agreement, Chennai-based entrepreneur C Sivasankaran, who has defaulted on a Rs 700-crore payment to Tata Sons for buyback of Tata Teleservices shares from DoCoMo, expects a settlement with Tata Sons over their legal dispute. After the Siva group had defaulted, Tata Sons led by the then chairman Cyrus Mistry had threatened to move court. But, before Tata Sons could go ahead with the litigation, the Siva group sent a legal notice to Tata Sons on September 19 last year, alleging oppression and mismanagement of Tata Teleservices.  With a new ... image
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