Tata Group announced that it is now open to acquiring the shares in Tata Songs Pvt. Currently, they belong to Shapoorji Pallonji Group, used in facilitating fundraising schemes. The information was provided to the Indian Supreme Court by Tata’s lawyer.

An approximated 18% of closely held Tata Sons belongs to the Shapoorji Pallonji Group. Tata STons is the company in possession of the Tata Empire which is worth $113 billion.

The Mistry Group stakes purchase offer will prevent the likelihood in those of Tata Sons getting pledged, which in turn determines the chances of risks in reaching the hands of unfriendly investors. The next hearing for the case in India’s Supreme Court is on October 28.