Mistrys seek to sell Tata stake, but valuation seen as challenge
The Pallonji Mistry family on Tuesday announced its decision to exit Tata Sons – the holding company of India’s largest conglomerate in which it is the largest minority shareholder with almost 18.4% – after a bitter and protracted four-year battle in courtrooms and outside. The SP Group said, “the family believes that a separation of interests would best serve all stakeholders."
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The Pallonji Mistry family on Tuesday announced its decision to exit Tata Sons – the holding company of India’s largest conglomerate in which it is the largest minority shareholder with almost 18.4% – after a bitter and protracted four-year battle in courtrooms and outside. The SP Group said, “the family believes that a separation of interests would best serve all stakeholders."
