Tatas tap wealth funds to buy Shapoorji stake

On September 22, the Shapoorji Pallonji group said in a statement that it wants to ends it seven-decades-long relationship with the Tata Group.

Highlights :

Tatas tap wealth funds to buy Shapoorji stake
Tata Group may offer to purchase the Mistry family's 18.4% stake in a staggered manner
On September 22, the Shapoorji Pallonji group said in a statement that it wants to end its relationship with the Tata Group.

The Tata Group has reached out many to several investors including sovereign wealth funds, to raise funds to buy out the Mistry family's stake in Tata Son's Limited.

Tata Group may offer to purchase the Mistry family's 18.4% stake in a staggered manner, instead of acquiring the entire shareholding at one go.

The Mistry family's stake is estimated to be ₹1.5 lakh crore, according to valuations submitted to the Supreme Court.

On September 22, the Shapoorji Pallonji group said in a statement that it wants to ends it seven-decades-long relationship with the Tata Group.

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