The Shapoorji Pallonji group, owned by Mistry’s family, has an 18.4% stake in Tata Sons.During the fight for control, Mistry refused to step down from the chairmanship of listed Tata companies. Ratan Tata had to rely on Tata Sons' shareholding and the support of institutional investors to remove him from these boards.Tata Sons, an investment holding company of the Tata Group, holds shares in more than 100 Tata companies, including 29 publicly listed enterprises that have a combined market capitalisation of about $116 billion. The group’s debt burden amounted to Rs 2.26 lakh crore ($33.7 billion) on March 31last year. The investment company reported a standalone profit of Rs 3,013 crore in the previous financial year, a 67% fall from Rs 9,062 crore a year earlier. On a consolidated basis, profit rose 21% to Rs 23,119 crore.Debt stood at Rs 225,740 crore as of March 31, 2016.

Source: Economic Times March 28, 2017 18:33 UTC