Shapoorji Pallonji Group could pledge its entire Tata Sons stake to service debt

Lenders to SP Group will have to offer the first right of refusal to Tata Sons under Article 75 of the holding company's articles of association, if the pledge were to be invoked. Officials close to the development said the lenders have done their due diligence on the legal validity of the possible pledge of shares.

via Economictimes

No comments