#TataMistry Separation: Legal and financial contours. @menakadoshi and @sajeetkm in conversation with S&R Associates' Rajat Sethi and Senior Advocate HP Ranina. #BQLive
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@menakadoshi @sajeetkm None of us expected the desire for settlement to come so soon after Supreme Court's comments today, says Senior Advocate HP Ranina.
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@menakadoshi @sajeetkm Supreme Court will not intervene in the matter; it's for both parties to come up with consent terms & withdraw the litigation, says senior advocate HP Ranina.
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@menakadoshi @sajeetkm It's a good first step that both parties are intent on SP Group's exit from Tata Sons, says Rajat Sethi.
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@menakadoshi @sajeetkm Even if Tata Trust cannot purchase the SP Group's shares directly, then another intermediary company could be set up, says Rajat Sethi.
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@menakadoshi @sajeetkm Tata Sons, as a charitable trust, cannot buy Mistry family's shares, says HP Ranina.
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@menakadoshi @sajeetkm Tata Sons, as a charitable trust, cannot buy Mistry family's shares, says HP Ranina.
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@menakadoshi @sajeetkm Don't think this is an attempt by Mistry family to call Tata Sons' bluff; valuation will be the only challenge now, says HP Ranina.
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@menakadoshi @sajeetkm Group companies and subsidiaries may not be able to purchase the shares but they may be able to help with financing, says Rajat Sethi.
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