SP Group Raises ₹25,500 Cr Bond Against Tata Sons Stake, Tied to Potential IPO
Shapoorji Pallonji Group launches a ₹25,500-crore bond issue backed by its 18.37% Tata Sons stake at 18.95% interest, with terms linked to a Tata Sons IPO or settlement within 18 months. RBI's NBFC-UL rule may force Tata Sons—parent of Tata's retail arms—to list.
SP Group launches ₹25,500-cr bond against its Tata Sons stake, with terms tied to a Tata Sons IPO or settlement within 18 months. RBI's NBFC-UL rule may force Tata Sons—parent of Tata's retail arms—to list.