CNN Central News & Network-ITDC India Epress/ITDC News Bhopal: The Shapoorji Pallonji (SP) Group is preparing to sell or raise funds against a part of its stake in Tata Sons to reduce debt pressure. According to a recent report, SP Group is exploring options to monetise about 7% of its nearly 18.37% stake in Tata Sons. Through this, the group may aim to raise about ₹25,000 crore.
SP Group Chairman Shapoor Mistry is working on a plan to raise funds through this stake over the next two years. The group’s holding in Tata Sons is considered extremely valuable, but because Tata Sons is an unlisted company, it is not possible to sell this stake easily in the market. This is why both sides are discussing a possible stake transaction and other options.
Reports also said SP Group has debt of about ₹60,000 crore, and the Tata Sons stake has become an important asset for repaying debt and reducing financial pressure. Pressure has also increased in recent financial arrangements over monetisation of this stake.
In a possible deal, the option of a share swap instead of a cash deal has also emerged. However, no final agreement has been announced so far. In such a situation, issues such as the valuation of the stake, the structure of the deal and regulatory approvals will remain important going forward.
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