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Tata Sons Stake Deal: Noel Tata, SP Group Discuss Monetisation of Mistry Family’s 18.4% Holding
Rumors of Tata-Mistry reconciliation: The long-standing dispute between Tata Sons and the Cyrus Mistry family now appears to be poised for a compromise. Under heavy debt pressure, the SP Group is exploring options to raise cash from its 18.4% stake in Tata Sons. Will the years-long conflict between the two families, led by Noel Tata, finally end? Read the report.
What seems like an unending dispute between Tata Sons and the Cyrus Mistry family regarding the latter’s shareholding is finally being resolved in a practical manner. This has been made possible by the huge debt that the Shapoorji Pallonji Group (SP Group) has put up with and has led to confidential talks being held about the monetization structure of the Mistry family’s 18.4% stake in Tata Sons.
In this regard, sources reveal that the representatives of Noel Tata, the Tata Trusts Chairman, have initiated discussions with the SP Group in various ways to generate money. Among them, one of the most talked-about is that of exchanging the shares of Tata Group listed companies like Tata Power for the 18.4% stake in Tata Sons held by the SP Group.
These negotiations have gained momentum following Noel Tata taking over the Tata Trusts that own 66% of the stake in Tata Sons and N Chandrasekaran’s resignation as Chairman in February. Family ties are a key factor in the negotiations.
