Tata Trusts resolute on SP Group share transfer
Hindustan Times Navi 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 totaling ₹22,000 crore ($2.6 billion) that are payable by March 2025.

Denne historien er fra December 11, 2024-utgaven av Hindustan Times Navi Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 11, 2024-utgaven av Hindustan Times Navi Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA HINDUSTAN TIMES NAVI MUMBAISe alt
Hindustan Times Navi Mumbai

ED Raids Places Linked to Soros-Backed Body

ED Found Money Trail of ₹25 Crore From Soros' Companies to Several NGOs in India, Officials Said

time-read
3 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

Ceasefire in tatters as Israeli strikes kill over 400 people in Gaza Strip

Israeli PM Benjamin Netanyahu ordered the strikes as Hamas had rejected his proposals to secure a ceasefire extension during faltering talks

time-read
3 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

'DAMAGE CONTROL SPEECH': OPPN SLAMS PM MODI'S KUMBH REMARKS

The Maha Kumbh at Prayagraj reflected a new awakening of India's national spirit and brought together the \"amrit\" (elixir) of unity for the country that will help achieve larger goals, Prime Minister Narendra Modi told Parliament on Tuesday, as he drew a parallel between the mega spiritual event and momentous occasions of India's freedom struggle.

time-read
3 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

What to expect of the post-Trumpian world

MAGA will endure. The US will be less free and have fewer friends; China may be stronger. India will need to be on guard

time-read
4 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

French Politician Calls US to Return Statue of Liberty

Hey, America: Give the Statue of Liberty back to France.

time-read
1 min  |
March 19, 2025
Hindustan Times Navi Mumbai

'Just kill us': Ousted gaothan bldg residents allege injustice

Amid conflict with BMC over safety of building, residents fear they may soon not have a home

time-read
3 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

Wide discrepancy in women's pay, contracts, attendance, says report

No fair play

time-read
2 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

SC Judges to Visit Manipur Relief Camps on March 22

A team of senior Supreme Court judges, led by Justice Bhushan R Gavai, executive chairman of the National Legal Services Authority (NALSA), will visit relief camps in Manipur on March 22 to assess the condition of internally displaced persons (IDPs) and strengthen legal and humanitarian aid efforts.

time-read
2 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

Sebi's options move raises market fears

Brokers, proprietary desks and institutional traders are fretting over a recent regulatory proposal that they fear will reduce liquidity and raise trading costs in India's derivatives market.

time-read
2 mins  |
March 19, 2025
Hindustan Times Navi Mumbai

Denial of right to study as a ground for divorce

\"TREATING WITH CRUELTY\" ONE'S SPOUSE IS NOW AN ESTABLISHED GROUND FOR DIVORCE UNDER MOST DIVORCE LAWS. BUT, NONE DEFINE CRUELTY. VARIOUS JUDGMENTS AFFIRM THAT CRUELTY CAN BE MENTAL AND PHYSICAL

time-read
4 mins  |
March 19, 2025