"All resolutions placed before the AGM (annual general meeting) were passed with requisite majority," a Tata Sons source said.
As much as 66 per cent of Tata Sons is owned by Tata Trusts. Two Shapoorji Pallonji family firms, Cyrus Investments and Sterling Investment, own 18.4 per cent.
The remaining shares are with the Tata family, a few group companies and individuals.
Earlier Tata Sons' move to become a private company was opposed by its former Chairman Cyrus Mistry's family terming it as an act of oppression of minority shareholders.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.