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Tata Trusts resolute on SP Group share transfer

Hindustan Times Mumbai

|

December 11, 2024

Stand on Shapoorji Pallonji's Tata Sons shares scotches harmony speculation

- Varun Sood & Satish John

Tata Trusts resolute on SP Group share transfer

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.

Hindustan Times Mumbai からのその他のストーリー

Hindustan Times Mumbai

K'TAKA PREPS BILL FOR ONLINE BETS IN HORSE-RACING

The Karnataka government is likely to introduce a bill which proposes to allow licensed online betting in horseracing events, a move the state says will expand the popularity of digital wagering at race clubs across India.

time to read

1 min

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Hindustan Times Mumbai

TEACHER BOOKED FOR CULPABLE HOMICIDE FOR SIT-UPS DEATH

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time to read

1 min

November 20, 2025

Hindustan Times Mumbai

Erigaisi defeat snuffs out India's WC hopes

MUMBAI: After flying smoothly in a tournament where its top prospects had bumpy rides, Arjun Erigaisi met with turbulence at possibly the worst time for him.

time to read

1 min

November 20, 2025

Hindustan Times Mumbai

FORM A UNIFORM ORGAN DONATION POLICY FOR BETTER ACCESS: SC TO GOVT

The Supreme Court on Wednesday directed the Centre to come out with a uniform national policy for organ trans plantation that provides equal access and opportunity to all recipients.

time to read

1 min

November 20, 2025

Hindustan Times Mumbai

Hindustan Times Mumbai

Govt eyes GST revenue surge after cut in rates

Gross GST receipts growth is expected to rebound to a robust 10% in November

time to read

2 mins

November 20, 2025

Hindustan Times Mumbai

From pavilions to policy: China flexes heft in international climate finance

Has China taken the mantle of climate leadership? Goings on in Belem at the COP30 climate conference would suggest so—and not just because of the scale of China's pavilion.

time to read

3 mins

November 20, 2025

Hindustan Times Mumbai

ORRY SUMMONED AFTER CLAIMS BY DRUG TRAFFICKER

MUMBAI: Socialite and social media influencer Orhan Awatramani, better known as Orry has been summoned on Thursday by the Anti-Narcotics Cell (ANC) of the Mumbai police crime branch.

time to read

1 min

November 20, 2025

Hindustan Times Mumbai

Hindustan Times Mumbai

India’s WC challenge over as Arjun goes down to Wei

The second seed went down to the Chinese GM in the 2nd tie-break game

time to read

3 mins

November 20, 2025

Hindustan Times Mumbai

Why the economy needs 4% inflation

Low inflation numbers are worrying economists as inflation needs to be not too high, but also not too low. The target of 4% serves growth without an overheating of the economy

time to read

4 mins

November 20, 2025

Hindustan Times Mumbai

Apex court asks Hindu women to make wills, ensure property rights

The Supreme Court on Wednesday urged all Hindu women to execute wills to ensure their self-acquired and other properties devolve according to their wishes, even as it refused to decide a challenge to Section 15(1)(b) of the Hindu Succession Act, 1956 — the provision that prioritises a woman's husband's heirs over her parents if she dies intestate with-

time to read

1 min

November 20, 2025

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