Shapoorji Pallonji group’s latest offer may not find favour with Tatas
- The latest move by the Mistry group to seek cashless settlement marks a departure from an earlier stance where it was considering accepting staggered payments from Tata Sons
- The arrangement will help reduce possibility of any additional debt on Tata group, Mistry family said in the application filed SC
The Shapoorji Pallonji (SP) group’s offer to swap its stake in Tata Sons Ltd for shares in publicly traded Tata group companies is unlikely to find support at Bombay House, the corporate headquarters of India’s largest conglomerate.
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