Tatas reject SP Group’s share-swap proposal, call it ‘nonsense’ Tatas reject SP Group’s share-swap proposal, call it ‘nonsense’ The Tata Group has rejected the SP Group's share-swap separation proposal. Tata Group's counsel told Supreme Court that the valuation proposed by SP Group for its holdings does not make sense. advertisement UPDATED: December 11, 2020 08:31 IST The Tata Group has categorically rejected the Shapoorji Pallonji (SP) Group’s share-swap separation proposal and called it “nonsense”. SP Group had proposed that its 18.37 per cent stake in Tata Sons, which it...