PE firms, sovereign funds want discount, exit route for Mistry stake

A number of private equity players and sovereign funds have expressed interest in buying the 18.4 per cent stake of the Shapoorji Pallonji group in Tata Sons as the top management in Bombay House weighed the options before it. This comes a day after the SP group, owned by the Mistry family, told the Supreme Court that it would exit Tata Sons, provided an early, fair and equitable solution was reached, in a move that could end years of feud between the two sides. Mistrys—the second largest shareholder in Tatas’ holding company--set a valuation of Rs 1.8 trillion for its stake......

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