Try GOLD - Free
Tata Trusts resolute on SP Group share transfer
Hindustan Times Lucknow
|December 11, 2024
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.
This story is from the December 11, 2024 edition of Hindustan Times Lucknow.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Lucknow
Hindustan Times Lucknow
Infrastructure gaps delay justice
The lack of enough courtrooms and personnel shortages continue to hold up timely trials and delivery of justice
2 mins
December 16, 2025
Hindustan Times Lucknow
Deal makers: Skill sets that'll be in high demand
With the Indian Premier League introducing a stricter rule for overseas players barring them from entering the following mini auction if they skipped the mega auction, only a limited set of international stars are available for Tuesday's auction at Abu Dhabi.
3 mins
December 16, 2025
Hindustan Times Lucknow
‘It was dead people everywhere’
Among the thousands of people who flocked to Sydney's famed Bondi Beach on Sunday evening, some were seeking relief from the steamy weather while others joined a local Jewish group to celebrate the beginning of Hanukkah, or festival of light.
2 mins
December 16, 2025
Hindustan Times Lucknow
HK media tycoon convicted
Pro-democracy media tycoon Jimmy Lai was found guilty on all three charges in his national security trial on Monday, convictions that rights groups denounced as the death knell for press freedoms in the Chinese financial hub.
1 min
December 16, 2025
Hindustan Times Lucknow
SC suggests syllabi changes to raise dowry awareness
Eliminating dowry is a constitutional imperative to ensure every woman entering a marriage is an equal citizen, the Supreme Court observed on Monday, and asked the Centre and states to consider reinforcing this fact by making amends to the education curriculum to generate awareness about this “evil practice”.
2 mins
December 16, 2025
Hindustan Times Lucknow
45% posts vacant in pollution boards: Govt in LS
Nearly 45% of scientific and technical posts in pollution control boards across the country are vacant, the Union environment ministry has informed the Lok Sabha.
1 mins
December 16, 2025
Hindustan Times Lucknow
What a customs reform exercise must focus on
To start with, tariff rationalisation and the simplification of tariff structure must get high priority
4 mins
December 16, 2025
Hindustan Times Lucknow
NIA names LeT, offshoot TRF in Pahalgam case charge sheet
The National Investigation Agency (NIA) on Monday filed a charge sheet against terrorist organisation Lashkar-e-Taiba (LeT), its proxy The Resistance Front (TRF), and others in connection with the April 22 Pahalgam terror attack that claimed 26 lives, detailing conspiracy by Pakistan and roles of the accused nearly eight months after the incident that had brought India and Pakistan to the brink of a full-scale war.
2 mins
December 16, 2025
Hindustan Times Lucknow
Higher education bill in LS gets Oppn’s ‘centralisation’ flak
Union education minister Dharmendra Pradhan ‘on Monday introduced ‘The Viksit Bharat Shiksha Adhishthan Bill, 2025’ in Lok Sabha, which seeks to establish a three-council commission as a single higher education regulator, tasked with enforcing outcome-based accreditation, setting academic standards, and granting graded autonomy to higher education institutions.
1 mins
December 16, 2025
Hindustan Times Lucknow
India a ‘preferred destination’ for GCCs, says Goyal
In the last ll years, the government has established massive power-sector infrastructure, including a synchronous 500-gigawatt grid suitable to make India a hub for Global Capability Centers (GCCs) and data centres, Union commerce and industry minister Piyush Goyal said on Monday.
1 min
December 16, 2025
Listen
Translate
Change font size