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Shapoorji Pallonji group offers stake-swap in Supreme Court to split from Tata Group

Shapoorji Pallonji split from Tata

Shortpedia

Content Team
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.


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