Mistry stake valuation in Tata Sons may lead to fresh round of legal tangle

Deciding on the valuation depends on the Mistry family, which is under pressure to pay off debts owed by their group.

Topics
Tata vs Mistry | Tata Sons | Ratan Tata

Dev Chatterjee & Shally Seth Mohile  |  Mumbai 

The Tata Group and the billionaire Mistry family could be headed for another legal tangle over the mismatch in valuation the two sides have fixed separately for the family's 18.4 per cent stake in Tata Sons.

The Supreme Court on Friday ruled in favour of Tata Group in its long-drawn legal tussle with former chairman Cyrus Mistry, scion of the family that runs the Shapoorji Pallonji (SP) Group. The Tata group during the Supreme Court hearing pegged the valuation at up to Rs 80,000 crore, but the Mistry family expects Rs 1.76 trillion after taking into account the runaway share price ...

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First Published: Fri, March 26 2021. 18:44 IST
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