The debt is held by the Mistry family under Sterling Investment Corp. Pvt Ltd (SICPL), which owns a 9.182% stake in Tata Sons. These bonds were issued in 2021 and had a tenor of three and a half years. The group has sounded out a few large funds and global banks, two sources said.
The debt is held by the Mistry family under Sterling Investment Corp. Pvt Ltd (SICPL), which owns a 9.182% stake in Tata Sons. These bonds were issued in 2021 and had a tenor of three and a half years. The group has sounded out a few large funds and global banks, two sources said.
It's been a harrowing year for Shapoor Mistry. After losing his father and younger brother in the span of three months, the scion of one of the world's richest clans now faces a major business challenge.