Tata Trusts

Tata Sons: Tata Sons shares are not transferable, says Trusts

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Tata Sons: Tata Sons shares are not transferable, says Trusts

Mumbai: Edgy over Shapoorji Pallonji (SP) Group’s plans to roll over pledged Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing … Read more

Tata Sons: Tatas keeping a close eye on pledged shares

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Tata Sons: Tatas keeping a close eye on pledged shares

Mumbai: The Tata Trusts and Tata Sons are said to be closely monitoring the Shapoorji Pallonji (SP) Group’s bid to raise ₹20,000 crore from state-run institutions to refinance debt taken against stakes in the Tata Group holding company. The Mistry family-promoted SP Group holds an 18.37% stake in Tata Sons, all of which is pledged … Read more