Tatas object to Shapoorji Pallonji Group plan to pledge stake
Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. Mumbai: Tata Sons and its estranged minority shareholder Shapoorji Pallonji (SP) Group have clashed once again with the former […]
Shapoorji Group set to pledge Tata Sons stake, raise $1 billion
Shapoorji Group’s debt problems surfaced in November, soon after it took group company Sterling & Wilson Solar Ltd public The Group’s latest efforts to raise money comes at a time when capital markets are reeling under severe pressure due to the Covid-19 pandemic Mumbai: The Shapoorji Pallonji Group, the heavily indebted construction empire run by […]
NCLAT order implies Mistrys can sell stake in Tata Sons to save Sterling and Wilson
The promoters of Sterling Wilson Solar currently owe the company Rs 2,341 crore, which includes a principal amount of Rs 2,085 crore and interest of Rs 256 crore, said a recent regulatory filing by the company Mumbai : As an implication of NCLAT’s order converting Tata Sons back to a public limited company, the Mistry […]