Tata-Mistry Update: SP Group Offers Cashless Separation In Lieu Of Stake In Group Firms, Seeks Pro-Rata Share Of Listed Companies
Just days ahead of the Supreme Court hearing on the Tata-Mistry case, slated for 3rd November, 2020, the Shapoorji Pallonji Group made public its proposal for a formal separation on 29th October, 2020, which the Tatas are mostly unlikely to accept. As per this proposal, the SP Group, which owns 18.4% stake in Tata Sons…