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Tata Sons Shares are Not Transferable, says Trusts

Edgy over Shapoorji Pallonji (SP) Groups plans to roll over pledged Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. ....

Cyrus Mistry , Siddharth Sharma , Ashish Kumar Singh , Goswami Infratech , Supreme Court , Power Finance Corp , National Company Law Tribunal , Tata Sons Articles Of Association , Sp Group , Shapoorji Pallonji Group , Shapoorji Pallonji Sp Group , Shapoorji Pallonji , Tata Sons , Tata Trusts , Tata Son , Pallonji Group , Evangelos Ventures , Sons Articles ,

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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