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Tata Trusts resolute on SP Group share transfer
December 11, 2024
|Hindustan Times Noida
Stand on Shapoorji Pallonji's Tata Sons shares scotches harmony speculation
BENGALURU/MUMBAI: The friction continues between Shapoorji Pallonji Group, the largest public shareholder of Tata Sons, and the philanthropic entities that control the Tata empire. This, despite a change of guard at the Tata Trusts with Noel Tata taking over as chairman this October.
The chief executive of Tata Trusts told Mint in an email response to a questionnaire sent on Tuesday that Tata Sons' shares cannot be used as collateral for fresh loans by the SP Group.
According to an executive privy to the development, Shapoorji Pallonji Group plans to use the 18.4% shares it owns in Tata Sons, the holding company of the Tata Group, as collateral to replace its current loans totalling ₹22,000 crore ($2.6 billion) that are payable by March 2025.
هذه القصة من طبعة December 11, 2024 من Hindustan Times Noida.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times Noida
Hindustan Times Noida
Jlo-Ben get cosy on the red carpet a year after their divorce
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Economic, security ties key as UK PM begins India visit
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Barrier-defying phenomenon in quantum realm
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VIKAS SAРТАН
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1 min
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One-time ally asks Prez to resign in a shock call
{ FRANCE } ESCALATING POLITICAL CRISIS
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Don't cross ‘Lakshman rekha’, VP tells parties
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COUGH SYRUP SALES PAUSED IN DELHI OVER DEG TOXICITY SCARE
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1 min
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Road rage: 24-yr-old kills man, arrested
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AlUla: A destination like no other
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Winter's tale
In the world of street food, a season's snack returns
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