Ratan Tata, who suddenly returned to the helm of India’s largest conglomerate last week, has restarted discussions with NTT Docomo on resolving the dispute outside the courts, according to the people. NTT Docomo has been fighting Tata Sons over the right to sell its stake in their Indian wireless venture for at least 50% of the original investment. Tata Sons and NTT Docomo hope to find a solution as soon as this month, according to the person. Representatives for NTT Docomo and the Indian finance ministry also declined to comment, while the Reserve Bank of India didn’t immediately respond to a request for comment. NTT Docomo Chief Executive Officer Kazuhiro Yoshizawa said last week the Indian government will need to take action to resolve the disagreement.

Source: The Edge Markets November 03, 2016 09:03 UTC