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Maharashtra Charity Commissioner did not propose rule that froze Tata Trusts board
· LiveMint Companies
An RTI response shows the regulator sent no proposal for the amendment that has paralysed Sir Ratan Tata Trust and contributed to a deadlock at Tata Sons.
The analysis
This is a Capacity / capex event. Capacity added into a soft cycle compresses returns for the whole sector; added into a tight one it is the cheapest growth available. The cycle position matters more than the announcement.