Noel Tata and Shapoorji (SP Group) representatives are discussing a potential share-swap structure linked to a sale of a portion of SP Group’s stake in Tata Sons Pvt. Business Line reports that the talks explore SP Group receiving shares in Tata Power Co. in exchange for part or all of its 18.4% stake in Tata Sons.
The proposed mechanism would involve exchanging equity in Tata Sons for equity in Tata Power, but details such as the exact size of the stake to be transferred, valuation methodology, and timing are not specified in the available coverage. Times of India also reports on the same discussions, indicating that the talks are ongoing and centered on a swap rather than a straightforward cash sale. Both accounts frame the discussions around Noel Tata’s involvement and Shapoorji’s potential role as the recipient of Tata Power shares, should the transaction proceed.
