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Ex-Tata chairman seeks $24bn share swap in separation deal

Shapoorji Pallonji requests 13% stake in Tata Consultancy

Former Tata Sons Chairman Cyrus Mystry and the Tata group have fought in court since  2016.   © Reuters

TOKYO -- A former Tata Sons chairman has offered to relinquish his family's stake in the Indian conglomerate's holding company via a $24 billion stock swap, in a proposal designed to sever his ties to the group. 

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