Time to separate from Tata Group: Mistry family

The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned by the family’s cash-strapped Shapoorji Pallonji Group.

Time to separate from Tata Group: Mistry family
The billionaire Mistry family, the largest minority shareholder of the Tata Group, said it needs to separate its interests after the conglomerate took steps to block the family’s attempt to borrow money against Tata shares. Tata Sons Pvt informed the SC on Tuesday said that it is open to buying out the 18% stake owned by the family’s cash-strapped Shapoorji Pallonji Group.