The Economic Times

Shapoorji Pallonji Group rethinks 18.37% Tata stake sale, valued at Rs 2.3 lakh cr

Shapoorji Pallonji Group is rethinking its Tata Sons stake sale plans. The Reserve Bank of India has directed Tata Sons to comply with listing requirements. SP Group will likely await clearer listing timelines and valuations before selling shares. A potential Tata Sons public offering offers a clearer monetisation route. This move could significantly reduce SP Group's future borrowing costs.