17
Jul
In a bid to resolve their long-standing corporate standoff, Tata Sons and the Shapoorji Pallonji (SP) Group have initiated fresh discussions to explore a potential share-swap arrangement. This deal aims to help the debt-laden SP Group monetise an estimated 7% of its 18.37% holding in Tata Sons, the unlisted holding company of the massive Tata conglomerate. Under the proposed structure, the SP Group would exchange its unlisted Tata Sons shares for a basket of liquid, publicly listed Tata group equities. This arrangement offers a crucial liquidity route for the Mistry family-led group to address its pressing ₹60,000 crore debt burden,…
