Tata Sons' stake owned by SP Group placed as collateral for $1.2-bn loan due in Dec: Report
Shapoorji Pallonji Group pledged its entire 18.4% stake in Tata Sons as collateral for a $1.2-billion loan due in December, Moneycontrol reported. SP Group may find it challenging to arrange the required funds for loan repayment and lenders may seek additional collateral. The issue with the collateral is also that Tata Sons shares can't be sold without Tata Group's consent.