Shapoorji Pallonji Group to exit Tata Sons, Issues statement to confirm end of 70-year-old relation
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Ending its seven-decade-old relationship with Tata Sons, the Shapoorji Pallonji Group announced on Tuesday its departure from the conglomerate. The move came amid an ongoing legal battle between the two industrial giants. In its statement, the SP Group noted that continuing their partnership would be detrimental to the livelihoods of several workers. The statement was issued hours after the SP Group faced a legal setback.