Economic TimesLean R·
SP Group backs Tata Sons listing
Mumbai: The Shapoorji Pallonji (SP) Group is backing a Tata Sons listing after a proposed 2.5% stake sale to monetise part of its holding was delayed, people familiar with the matter said. The SP Group, which owns about 18.37% of Tata Sons, had discussed the sale with Tata Trusts chairman Noel Tata, with a tax-efficient structure involving a bank or financial institution being explored.The proposal stalled at Tata Sons and was formally taken to board only after the RBI's directive brought a lis…
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