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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.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.