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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.
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.
Morning Digest: Indian officials wait for pause in fighting to commence evacuation from Kharkiv; GST revenues up by 26% in February, and more : Rashtra News #Morning #Digest #Indian #officials #wait #pause #fighting #commence #evacuation #Kharkiv #GST #revenues #February Indian officials in Russian city waiting for pause in fighting for evacuation from KharkivIndia on Tuesday
In October 2023, the telecom company sought the competition watchdog’s approval for the transaction that also involved Lion Meadow Investment, an affiliate of Warburg Pincus, acquiring a stake in Bharti Airtel, one of the persons cited above said. The CCI approved the transaction recently, the person added.
In October 2023, the telecom company sought the competition watchdogs approval for the transaction that also involved Lion Meadow Investment, an affiliate of Warburg Pincus, acquiring a stake in Bharti Airtel, one of the persons cited above said. The CCI approved the transaction recently.