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Tata v. Mistry: Shapoorji Pallonji Group submits scheme for separation from Tata Sons before Supreme Court

The Shapoorji Pallonji Group (SP Group) has filed an application before the Supreme Court detailing a separation proposal seeking division of assets and shares in listed entities of Tata Sons.
This separation plan filed before the Supreme Court highlights that Tata Sons is a company comprising two groups, of which the Mistry family’s stake stands at 18.37% of the equity share capital. Seeking to sever the decades-old association with Tata Group, the SP group has sought a pro rata division of all assets.
SP Group has also sought a direct stake in all of the listed entities of the Tata Group and is seeking a pro rata share of the brand value to be adjusted for net debt. The application also proposes the valuation of all the unlisted assets to be done by a neutral third-party agreeable to both the sides.

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