Tata Sons, SP step up peace talks

FROM THE FRONT PAGE

- 

BATTLING DEBTISSUES, the SP group has been insisting on a public share sale to monetise its stake, which the Tatas have declined. Ahead of the annual general meeting on August 14 this year, Tata Sons chairman N Chandrasekaran had met Shapoor Mistry, the chairman of the SP group, to discuss the way forward.

This was immediately after the Noel Tata-led Tata Trusts directed the Tata Sons chairman to consider all options so that the holding company of the Tata group stays private. The Trusts also asked him to facilitate SP group’s exit from the group. There have been several rounds of talks between the two since then on a viable route.