CompaniesTata 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)
ROSEMARY MARANDI, Contributing writer
October 2, 2020 18:00 JST
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.