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Published: April 30, 2025
Updated: April 30, 2025
The Reserve Bank of India has put a spanner on the Shapurji Pallonji group’s plans to raise $ 3.3 bn by giving Tata Sons shares as collateral.
The beleagured group was planning to raise funds at a very high cost from foreign debt in vestors. The group was plan ning to use the funds to prepay loans taken earlier.
With the Tata group not planning to list Tata Sons, the SP group is unable to get an exit for its 18.4 per cent stake in the Tata group holding com pany.
May 31, 2025 - Second Issue
Industry Review
VOL XVI - 16
May 16-31, 2025
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