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The Economic Times
The Economic Times
National

Tata Trusts puts Rs 25,000 cr SP Group liquidity plan before Tata Sons board

Tata Sons Tata Trusts SP Group Noel Tata the SP Group Noel N Tata

Mumbai: Tata Trusts Chairman Noel N Tata has placed before the Tata Sons board a proposal from the Shapoorji Pallonji Group to monetise part of its stake in Tata Sons, potentially opening a route to resolve the group's liquidity needs without forcing a public listing of the Tata conglomerate's holding company.

Under the proposal, Sterling Investments Corporation Pvt Ltd and Cyrus Investments Pvt Ltd - entities that hold the SP Group's Tata Sons shares - would sell enough shares to generate gross proceeds of at least Rs 25,000 crore, Tata Trusts said in a statement.

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