Mistry stake valued at Rs 80,000 crore at most, says Tata group in SC

This is in response to Rs 1.78 trn sought by Mistry family; Tata Sons counsel says NCLAT judgement setting aside Chandra's appointment went beyond the scope of judicial review

About three months after the Shapoorji Pallonji (SP) Group had offered to sell its 18.37 per cent stake back to Tata Sons at a valuation of Rs 1.75 trillion, the salt-to-software conglomerate has marked it down by more than half. 

Tata Sons counsel Harish Salve, during a Supreme Court hearing on Tuesday, put the value of the Cyrus Mistry family shares at Rs 70,000-80,000 crore — a difference of Rs 1 trillion with the figure projected by the SP Group. The case will come up for hearing again on Wednesday.      

While stating that a member of Tata Sons cannot make