Shapoorji Pallonji Group stakes claim in all Tata companies, seeks division

Mistry family's group claims a 13.22 per cent stake in Tata Consultancy Services and a pro-rata share of the Tata brand

In a bid to settle its four-year-old dispute with the Tatas, the Shapoorji Pallonji (SP) group has sought a pro rata division of all the Tata Sons assets based on its 18.4 per cent stake in the Tata group holding company. 

According to the terms filed with the Supreme Court, the Mistry family-led group has sought direct stakes in all the listed Tata entities, including 13.22 per cent in the group’s crown jewel, Tata Consultancy Services (TCS), and a pro rata share of the Tata brand in cash/shares in its listed firms. It has also asked for a neutral third-party valuation