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Offering exit to Shapoorji Pallonji may cost Tata Group financial flexibility

Offering exit to Shapoorji Pallonji may cost Tata Group financial flexibility
Offering exit to Shapoorji Pallonji may cost Tata Group financial flexibility

Tata Sons needs to buy out the SP Group’s 18.37%, which is conservatively valued at $20 billion.

Synopsis

The SP Group decision on Tuesday to sever its relationship with the Tata Group will likely bring an end to the dispute between the two.

Mumbai: The Tata Group might have to sacrifice some financial flexibility in providing an exit to the Shapoorji Pallonji Group, one of the oldest shareholders in the salt-to-software conglomerate that chronicles India’s journey into industrial adulthood.Proxy advisory firm Institutional Investor Advisory Services (IIAS), which assumes specific exit scenarios, believes that one of the three outcomes is likely in the $20-billion potential buyout:
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