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SP Group to issue Rs 25,500 crore bonds against Tata Sons stake
Image source: economictimes.indiatimes.com

GK and monthly revision

SP Group to issue Rs 25,500 crore bonds against Tata Sons stake

The Shapoorji Pallonji Group is set to issue bonds worth ₹25,500 crore, backed by its 18.37% stake in Tata Sons. This financial maneuver is significant as it relies on Tata Sons potentially going public through an IPO or reaching a settlement with the SP Group within 18 months. Recent regulations from the central bank categorizing Tata Sons as an upper-layer NBFC enhance the likelihood of this listing, which could facilitate asset monetization for the SP Group.

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