<p>In a bid to end the long standing dispute with Shapoorji Pallonji Group , Tata Sons Ltd. may shell out Rs 21,900 crore to buy a part of Mistry's 18.4% stake of the holding company.</p>.<p>The company is likely to table the offer on October 28 in the Supreme Court where a dispute between the Tata Group and the Shapoorji Pallonji Group will be heard, <em>Mint </em><a href="http://www.livemint.com/companies/news/tatas-weigh-plan-to-buy-sp-stake-in-parts-11602202064935.html" target="_blank">reported</a> citing two sources familiar with the matter.</p>.<p>To secure funds for the deal, Tata Consultancy Services (TCS) has come to the rescue for the parent group. The IT major on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share and an interim dividend of Rs 12 per share.</p>.<p>Tata Sons is expected to garner around Rs 11,528 crore from the share buyback and will recieve Rs 3,244 crore as dividend income.</p>.<p>The conglomerate is also in talks with external investors, including sovereign and pension funds to arrange potential stakeholders for the Mistry family’s stake, one of the sources said.</p>.<p>“While the Mistry family may not be against selling the stake in a staggered manner, their final decision will depend on the valuation offered by Tata Sons. It is expected that Tata Sons’ offer will factor in a holding company or conglomerate discount, but it’s unclear whether the Mistrys will accept the proposal," the second source stated.</p>.<p> DH could not independently verify this report.</p>
<p>In a bid to end the long standing dispute with Shapoorji Pallonji Group , Tata Sons Ltd. may shell out Rs 21,900 crore to buy a part of Mistry's 18.4% stake of the holding company.</p>.<p>The company is likely to table the offer on October 28 in the Supreme Court where a dispute between the Tata Group and the Shapoorji Pallonji Group will be heard, <em>Mint </em><a href="http://www.livemint.com/companies/news/tatas-weigh-plan-to-buy-sp-stake-in-parts-11602202064935.html" target="_blank">reported</a> citing two sources familiar with the matter.</p>.<p>To secure funds for the deal, Tata Consultancy Services (TCS) has come to the rescue for the parent group. The IT major on Wednesday announced a mega-Rs 16,000 crore buyback plan at Rs 3,000 per equity share and an interim dividend of Rs 12 per share.</p>.<p>Tata Sons is expected to garner around Rs 11,528 crore from the share buyback and will recieve Rs 3,244 crore as dividend income.</p>.<p>The conglomerate is also in talks with external investors, including sovereign and pension funds to arrange potential stakeholders for the Mistry family’s stake, one of the sources said.</p>.<p>“While the Mistry family may not be against selling the stake in a staggered manner, their final decision will depend on the valuation offered by Tata Sons. It is expected that Tata Sons’ offer will factor in a holding company or conglomerate discount, but it’s unclear whether the Mistrys will accept the proposal," the second source stated.</p>.<p> DH could not independently verify this report.</p>
