Tata Has Option To Buy Out AIG

Tata & Sons could decide to exercise its option to buy out the remaining 26% stake it does not already own in its insurance joint venture Tata AIG from its joint venture partner AIG. Currently Tata is the majority partner and owns 74% of the company, this could increase to 100% if AIG decides to sell its stake and the joint venture company would then become a wholly owned subsidiary. Tata & Sons so far have refused to comment on the possibility.

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