One of the main agendas of the Tata Sons annual general meeting (AGM) that happened today was to seek the shareholders' approval to convert Tata Sons Public Ltd. to a Private Ltd. company. Cyrus Mistry, the ousted Chairman of the Tata Sons, had opposed this move. Mistry had said that this is a move to oppress minority shareholders.

A report in the Economic Times said that the firm going from public to private will hurt Mistry the most as it will substantially reduce the powers of its shareholders. Mistry's family owns 18.4 per cent stake in the company.

PTI, citing sources, reported that the investors have given their nod to change the legal entity from a public to private limited company. Now that the company has gone from public to private limited, Tata Sons will not need board approval for taking crucial decisions.

But do you know what this means?

HERE ARE THE DIFFERENCES BETWEEN A PRIVATE AND PUBLIC LIMITED COMPANY

Tata Sons' investors agree change from public to private limited company. What's the difference?

Tata Sons Public Limited will now be Tata Sons Private Limited. Here is what it means.