Business News›News›Company›Corporate Trends›The true toll: Settling the Tata-Mistry dispute has given rise to a reckoning about the real costs involved
The true toll: Settling the Tata-Mistry dispute has given rise to a reckoning about the real costs involved
Synopsis
The fight dragged hard-earned reputations through the mud, mired top executives in legal proceedings and sucked precious time and management bandwidth at a time when both groups needed every available ounce of these.
On September 22, after nearly four years of all-out acrimony, an opportunity to cease hostilities presented itself to Tata Sons and Shapoorji Pallonji (SP) Group. During court proceedings to prevent the SP Group from pledging or selling Tata Sons shares, the latter offered to buy out the former’s equity holding. By late evening, SP Group put out a statement, saying a separation of the long-standing relationship was perhaps in the best interest
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