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October 08, 2016

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Ratan Tata Family Tree

Ratan Tata wants to buy out Shapoorji Pallonji Mistry stake in Tata Sons.

Ratan Tata wants to buy out Shapoorji Pallonji Mistry stake in Tata Sons. Ratan Tata is exploring options to buy out the 18.4 percent stake the Shapoorji Pallonji group has in Tata Sons, according to a report in Bloomberg . Tata Sons is the holding company for the Tata group and Tata Trusts hold 66 percent stake. The move comes at a time when the tension between both business groups have arisen after the ouster of Cyrus Mistry, son of Shapoorji Pallonji Mistry, as chairman of Tata Sons earlier this week in a boardroom coup. The report further says that the Tata group has begun talks with sovereign wealth funds and other long-term investors to explore possibility of tie-ups for a buyout. The talks are part of the Tata group's efforts to prepare for "various scenarios", said the report. Anyways, it remains to be seen whether the Shapoorji Pallonji group would want to sell their stake in the Tata Group, at all. The same Bloomberg ...

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