Representatives of Noel Tata have initiated exploratory talks with the Shapoorji Pallonji (SP) Group regarding a massive share-swap transaction to resolve a long-standing ownership dispute.

Under the proposed framework, the SP Group could surrender part or all of its 18.4% stake in the conglomerate's unlisted holding firm, Tata Sons, in exchange for direct equity in listed entities such as Tata Power.

If finalized, this strategic maneuver would smoothly untangle decades of complex corporate ties and inject vital liquidity into the indebted SP Group.