A chartered accountant’s math may hold key to Mistry’s exit from Tata Sons

A chartered accountant’s math may hold key to Mistry’s exit from Tata Sons

Tata Group may offer an exit to Mistry family from Tata Sons on the basis of valuation chartered accountant Y H Malegam put in 2016.

With the Supreme Court upholding its position, Tata Group may offer an exit to the Mistry family from Tata Sons on the basis of the valuation by chartered accountant Y H Malegam, who in 2016 had put a figure of Rs 3.14 trillion to the holding company. “The valuation can be updated taking into account the latest stock prices and the Mistry family can be given an exit,” said senior lawyer H P Ranina.

In 2016, the Mistry family’s stake of 18.4 per cent in Tata Sons was valued at Rs 57,600 crore. But the family had estimated it at Rs 1.75 trillion late last year.

News Source:- Business standard

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