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Tata Sons: Tata Sons shares are not transferable, says Trusts

SP Group, promoted by the Mistry family, has pledged its entire 18.5% in Tata Sons held through two entities to secure monies from private credit funds such as Ares and Farallon. Additionally, it needs to raise funds for a separate repayment due in three months and refinance existing high-cost borrowings. ....

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MC Explains: Why SP Group wants to pledge Tata Sons shares and Tata Trusts are concerned?

Disagreements have been brewing between Tata Trusts and SP Group in the last few months over the transferability of shares held by SP Group in Tata Sons ....

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