ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Tata faces $24bn share buyback to settle long dispute with ex-ally

India's leading conglomerate needs new strategic partners, experts say

Ratan Tata, right, handed over Tata Group's chairmanship to Cyrus Mistry in 2012. His removal from the top post in 2016 led to the ongoing dispute between the two families. (Nikkei montage/source photos by Reuters)

MUMBAI -- India's Tata Group is facing the painful prospect of a $24 billion share buyback to end a dispute with its longtime business partner, but market observers said it could also be a fresh opportunity for the conglomerate to form new strategic relationships.

Shapoorji Pallonji Group, the largest minority shareholder in Tata Sons, Tata Group's unlisted holding company, is planning to sell its entire 18.37% stake amid a complex legal battle with Tata's founding family.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more