Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

Tata Sons, owned 66 per cent by Tata Trusts and 18.5 per cent by the Mistrys, is a two-group company and is a quasi-partnership between the two groups, said the Mistry family.

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.

To apply quasi-partnership principles to Tata Sons, Shapoorji Pallonji (SP) Group had said there were ‘two groups’ in the company — Tata Group and non-Tata Group/ SP Group. But, Tatas have said this distinction is