Shapoorji Pallonji group offers stake-swap in Supreme Court to split from Tata Group
Image Credit: Shortpedia
Shapoorji Pallonji group filed a plan in the Supreme Court to part ways with the Tata Group. The Shapoorji Pallonji group has offered a swap of its stake in Tata Sons for a pro-rata stake in the Tatas' listed companies. The Shapoorji Pallonji group is the largest minority shareholder in the Tata Group. The SP group holds a stake worth Rs. 1 lakh crore in Tata Group. The group has filed a non-cash settlement plan in SC.