Tag Archives: mistry pallonji

The Tata Group rejected a truce offer from billionaire conglomerate Pallonji Mistry that suggested trading the Mistry family’s stake for $ 24 billion worth of shares in Tata’s listed companies. “It doesn’t make sense. This kind of relief cannot be given,” Tata’s lawyer Harish Salve said during a hearing before …

MUMBAI: The Pallonji Mistry Family announced its decision on Tuesday to exit Tata Sons, the holding company of India’s largest conglomerate in which it is the largest minority shareholder with almost 18.4%, after a bitter and protracted four-year battle in court and outside of the courts. In a statement of …