Following Cyrus Mistry’s removal as Tata Sons Chairman, Bloomberg quoted sources saying the Tata family Trusts have contacted sovereign wealth funds and other long-term investors to see if they were interested in purchasing the Mistry family's stake if it became available.
The Trusts held preliminary talks with potential buyers of the about 18% Tata Sons stake as they prepare for a number of possible scenarios. Mistry's family doesn't currently plan to sell its holdings, the people told Bloomberg.
Tatas want to make sure the new investor is a friendly partner, if Mistry's family later decides to sell its stake in the
Tata Sons owns more than $65 billion worth of listed company shares, data compiled by Bloomberg show.
“Mistry is still considering his next steps and plans to make a decision on his response to the ouster in the next couple of weeks,” another person told Bloomberg.
Tata Sons owns major stakes in TCS and