India: Shapoorji Pallonji group’s latest offer may not find favour with Tatas

India: Shapoorji Pallonji group’s latest offer may not find favour with Tatas

Tata Sons chairman N. Chandrasekaran is weeding out businesses that are unprofitable or lack scale. Photo: PTI

The Shapoorji Pallonji (SP) group’s offer to swap its stake in Tata Sons Ltd for shares in publicly traded Tata group companies is unlikely to find support at Bombay House, the corporate headquarters of India’s largest conglomerate.