Tata, Mistry spar over a $13 billion valuation difference

The valuation disagreement marks the latest chapter in a four-year-old wrangle that started with a boardroom coup in 2016 at Tata Sons.

A $13 billion valuation mismatch is setting the stage for the next round of clash between the Tata Group and billionaire Pallonji Mistry’s conglomerate.
 

The 18.4% stake owned by Mistry family in Tata Sons Pvt. is worth as much as 800 billion rupees ($10.9 billion), Tata’s lawyer Harish Salve told India’s Supreme Court on Tuesday. Mistry’s Shapoorji Pallonji Group had made a truce offer to swap its Tata Sons stake for shares worth $24 billion in the listed Tata firms.

Salve was informing the court about Tata Sons’ financial health and the Tata Group hasn’t directly responded to SP Group’s