Tata empire in stronger position against Mistry after Supreme Court verdict

There's room in India for a Tata super-app to compete with Mukesh Ambani's Reliance Industries Ltd

After several years of legal wrangling, India’s Tata Group has won a decisive victory over its disgruntled minority shareholder. But the boardroom coup that turned into a courtroom drama will only be over with a divorce. That could still get messy.

The Shapoorji Pallonji Group’s claim of being an oppressed junior partner in the storied Indian empire has been set aside by the country’s Supreme Court, which also held SP scion Cyrus Mistry’s 2016 sacking as Tata Group chairman as legal. The next step will be for SP to exit its 18 per cent-plus stake in holding company Tata Sons