Tata vs Mistry feud: Tata Group reaches out to wealth funds to buy out Shapoorji stake

Tata vs Mistry feud: Tata Group reaches out to wealth funds to buy out Shapoorji stake

Tata Sons Chairman N. Chandrasekaran is leading the fundraising talks with prospective investors, the fruition of which will ascertain if the acrimonious dispute between the Tata Group and Mistry family ends

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The Tata Group and Shapoorji Pallonji (SP) Group are entangled in a long-drawn-out legal battle after Cyrus Mistry was fired as chairman of Tata Sons in October 2016The Tata Group and Shapoorji Pallonji (SP) Group are entangled in a long-drawn-out legal battle after Cyrus Mistry was fired as chairman of Tata Sons in October 2016
BusinessToday.In
  • Sep 28, 2020,
  • Updated Sep 28, 2020 1:31 PM IST

The Tata Group has turned to many investors, comprising sovereign wealth funds, to secure funds to buy out the Mistry family's stake in Tata Sons Ltd.

Chairman (Tata Sons Ltd.) N. Chandrasekaran is charting the course of talks with prospective investors, the fruition of which will ascertain if the acrimonious dispute between the Tata Group and its largest minority shareholder, the Mistry family, ends.

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"Chandrasekaran has spoken to several potential investors, including a large European sovereign wealth fund," sources told the Mint, adding that the talks are focussed on the "likely valuation and a possible exit map for the investors."

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The Tata Group has turned to many investors, comprising sovereign wealth funds, to secure funds to buy out the Mistry family's stake in Tata Sons Ltd.

Chairman (Tata Sons Ltd.) N. Chandrasekaran is charting the course of talks with prospective investors, the fruition of which will ascertain if the acrimonious dispute between the Tata Group and its largest minority shareholder, the Mistry family, ends.

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"Chandrasekaran has spoken to several potential investors, including a large European sovereign wealth fund," sources told the Mint, adding that the talks are focussed on the "likely valuation and a possible exit map for the investors."

Also Read:

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