Supreme Court reserves judgement in Tata-Mistry case
On Thursday, Tata Group offered to buy out Mistry family's 18 percent stake in Tata Sons at a fair value if required.
The Supreme Court has reserved its verdict in the Tata-Mistry case. Both sides have completed their arguments in the case.
On Thursday, Tata Group offered to buy out Mistry family's 18 percent stake in Tata Sons at a fair value if required.
However, Tata Group also lashed out at Mistry camp accusing them of trying to break-up the group by sleight of hand.
Senior advocate Harish Salve appearing for Tata Sons said that Article 71 of Articles of Association clearly provides for a buyout.
Salve said Tata Sons would be willing to buy out the 18.37 percent stake of Shapoorji Pallonji Group in Tata Sons provided it is held that Tata Sons acted in an oppressive manner.
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(Edited by : Abhishek Jha)
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