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Tata Trusts continues to oppose transfer of Tata Sons shares owned by SP Group


Published on 2024-12-11 23:21:54 - Mint
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  • 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.

The article from Livemint discusses the financial and legal complexities surrounding the Tata Trusts and the Shapoorji Pallonji (SP) Group, particularly focusing on the ongoing disputes and financial maneuvers involving key figures like Noel Tata and the late Cyrus Mistry. It highlights how the SP Group, facing liquidity issues, has been selling assets and seeking loans, with a notable transaction involving Axis Bank where SP Group's Afcons Infrastructure pledged shares to secure a loan. The narrative also touches on the broader implications of these financial strategies on the Tata Group, especially in light of the historical and ongoing legal battles over control and governance within the conglomerate. The article underscores the intricate relationships and the high-stakes environment in which these business families operate, with significant attention on how these financial decisions impact the real estate and infrastructure sectors.

Read the Full Mint Article at:
[ https://www.livemint.com/companies/tata-trusts-shapoori-pallonji-group-afcons-infrastructure-pallonji-mistry-axis-bank-real-estate-noel-tata-11733825777302.html ]