Tata to Seek India Nod to Resolve $1.2 Billion Docomo Spat

Updated on
  • Ratan Tata looks for amicable solution after returning to helm
  • Conglomerate to seek government approval to make payment

Tata Sons Ltd., reversing course after ousting Chairman Cyrus Mistry, plans to seek Indian approval to pay $1.17 billion to estranged partner NTT Docomo Inc. as it looks for an amicable solution to their legal tussle, people with knowledge of the matter said.

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