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Media Statement from Tata Sons

Media Statement from Tata Sons 1

After the Hon’ble Supreme Court order on September 22nd
disallowing the SP Group to pledge any Tata Sons shares, the SP group issued a press
statement later on the same date which states their desire to separate from the Tata
Group. This statement has resulted in considerable confusion and speculation in the
media.
Tata Group states that they have till date not received any formal request or proposal
from the SP group on this matter. In any event, since the matter is sub judice before the
Hon’ble Supreme Court, Tata Sons will wait for the court proceedings to resume, which
are scheduled for October 28th
.

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