Published 4 years ago

Shapoorji Pallonji Group To Separate Interests From Tata Group

Summary by News18 India

Earlier on Tuesday, the Tata Group said it is open to buying out the stake held by its largest minority shareholder, the billionaire Mistry family, as part of a proposal to help end a years-long legal dispute between the two parties.

0 Articles

All

Left

Center

Right

Times of India

Mistry family says it’s ‘time to separate’ from Tata Group

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned by the family’s cash-strapped Shapoorji Pallonji Group.

4 years ago·India

Read Full Article

News18 India

Shapoorji Pallonji Group Exits Tata Group, Says Separation of Interest Best for Each Party

4 years ago·India

Read Full Article

Hindustan Times

Time to split from Tata Group, says Shapoorji Pallonji Group

Tata Sons Pvt. informed the Supreme Court Tuesday that it’s open to buying out the 18% stake owned by the Mistry family’s cash-strapped Shapoorji Pallonji group if the latter needed to raise money for paying maturing debt.

4 years ago·New Delhi, India

Read Full Article

Indian Express

Explained: The impending exit of Shapoorji Pallonji from Tata, and what happens now

While the SP Group has told the Supreme Court that their separation from the Tata Group is necessary, the Tata Group has said that they are willing to buy the stake of SP Group in Tata Sons.

4 years ago·India

Read Full Article

Live Mint

'Time to separate': Shapoorji Pallonji Group agrees to exit Tata Sons

Mistry family said it believes that a separation of interests would best serve all stakeholder groups.SC on Tuesday restrained SP Group and Cyrus Mistry till 28 Oct from pledging or transferring their shares in Tata Sons

4 years ago·New Delhi, India

Read Full Article