Tata Sons AGM concludes: Here are things that were discussed

NEW DELHI: Tata Sons on Thursday sought shareholders' approval in the annual general meeting (AGM) to convert the conglomerate, which is the holding firm of all group companies, from a public to a private company.

The company also discussed giving voting rights to preferential shareholders at the meeting.

Tata Trusts Chairman Ratan Tata owns 10.5 lakh preference shares, or nearly a quarter of those outstanding. Narotam Sekhsaria (5.7 lakh shares) and NA Soonawala (2.6 lakh shares) are among other major holders of preference shares.

The Mistry family, which holds 18.4 per cent stake of Tata Sons, owns just 20,000 preference shares.

There are more than 10 individuals including former employees who own preference shares in the holding company.