life in financial markets: tata sons issues Rs 58 crore worth of preference shares to 9 people including ratan tata

Here is something that is of some relevance to shareholders in listed Tata Group companies which they won't get to know of immediately under the disclosure norms of the listing agreements with the National Stock Exchange of India and BSE.
On December 30 last year (2011) and January 2 this year (2012), Tata Sons, the holding company for all Tata Group companies, issued 5.78 lakh new 7.5% cumulative redeemable preference shares of Rs 1,000 each to nine people, as per the mandatory statutory filings made by the company under The Companies Act, 1956 (as amended till date). 

Issued at a par value of Rs 1,000 each, the preference shares issue fetched Tata Sons a sum of Rs 57.78 crore in cash. Prior to issue of these preference shares, the paid-up preference shares capital of Tata Sons was Rs 4,089 crore, made up 408.9 lakh preference shares of Rs 1,000 each. The paid-up equity share capital of Tata Sons, as of January 2 this year (2012) was Rs 40 crore comprising of 4 lakh equity shares of Rs 1,000 each.

Of the new Rs 58 crore worth of preference shares issued at par,

-- Rs 25 crore worth preference shares was issued to Narotam S Sekhsaria, founder and promoter of Gujarat Ambuja Cements who headed it till six years ago,

-- Rs 11.52 crore worth of preference shares was issued to Noshir Adi Soonawala, a Tata Group veteran,

-- Rs 10 crore worth of preference shares was issued to Ratan Tata,

-- Rs 6.16 crore worth of preference shares was issued jointly to Ravi Kant and Arti Kant. Ravi Kant is a Tata Motors veteran,

-- Rs 2 crore worth of preference shares was issued to Arunkumar R Gandhi,

-- Rs 1 crore worth of preference shares was issued jointly to Praveen P Kadle and Chetana P Kadle,

-- Rs 1 crore worth of preference shares was issued to Farrokh K Kavarana

-- Rs 0.6 crore worth of preference shares was issued jointly to Jamshed J Irani, Daisy J Irani and Zubin J Irani,

-- Rs 0.5 crore worth of preference shares was issued jointly to Simone N Tata & Noel N Tata.