If Amazon vs Future Group wasn't enough entertainment, the four year old feud between Tata Group and Mistry have come to yet another war of words.
A Difference of Valuation.
This time the issue is valuation. Both firms are fighting over what they feel is a fair price for the 18.4% stake of Tata Sons Pvt Ltd. owned by the Mistry Family.
Tata’s valuation threatens to stretch the battle further at a time when the indebted SP Group is desperately seeking funds for its own cash-strapped businesses.
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.
On the other hand, sensing SP group's debt problems, Tata Group had offered to buy out the entire stock if Mistry's needed the money.
Bottom line: Both firms have their very own problems with the impending pandemic, and the longer the dispute continues in court, the harder it'll be on both parties.