India: Mistry family-led Shapoorji Pallonji may sell Tata Sons stake

In a surprise move on Tuesday, the Mistry family led Shapoorji Pallonji ( SP) group said that it has decided to exit its decades-long partnership with the Tata group, hinting at a potential sale of its 18.4 % stake in Tata Sons that could mark and end four years of acrimonious courtroom battles fought between the two sides, which erupted after Cyrus Mistry’s unceremonious ouster as Tata group chairman in 2016.