Mistry camp looking at big valuations

The Shapoorji Pallonji camp is looking at a huge payout for the 18.37 per cent stake it holds in Tata Sons, the holding company of the $113-billion Tata group.

An unofficial estimate floating around in corporate circles put the value of the Mistry camp’s holding of 74,352 Tata Sons’ shares at Rs 1,78,459 crore — which would arguably suggest the biggest-ever payout to any shareholder in India Inc even though both sides will almost certainly quibble over the sum.

In a statement put out late on Tuesday evening, the Shapoorji Pallonji Group (SP Group) said it was looking for a “fair and equitable solution reflecting the value of the underlying tangible and intangible assets”of the group.