Tata Group stks mixed after Shapoorji Pallonji Grp agrees to exit Tata Sons

In a late evening statement, the Mistry family said separation from the Tata group was necessary due to the potential impact the ongoing litigation could have on livelihoods and the economy.

Shares of Tata Group companies were trading mixed in the morning deals on Wednesday, a day after Shapoorji Pallonji Group, owned by the billionaire Mistry family, told the Supreme Court (SC) that it would exit Tata Sons, provided an early, fair, and equitable solution was reached.

At 09:25 AM, Tata Motors was trading over 1 per cent higher at Rs 134.55, Tata Consumer Products was up over 0.5 per cent at Rs 507, Tata Communications traded nearly 2 per cent higher while Tata Metaliks quoted around 1.4 per cent higher at Rs 512 on the BSE. Tata Elxsi was up 1.5