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

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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