Tata Sons Ltd’s articles of association give it the power to ask shareholders to sell their holdings by passing a special resolution, a rule that can be potentially used to force Mistry family firms to exit the Tata group holding firm amid a bitter battle.

Tata group has spoken to a large Indian state-owned financier, a foreign state-owned investment company and one of the largest pension funds in the world. The names of the firms are not being disclosed because they declined to confirm their interest.

The Mistry family's stake is valued at $16 billion (approximately Rs 1.06 lakh crore). At the time, there were reports that Tata Group was also contemplating buying out the stake themselves.

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