Shapoorji Pallonji Group reassesses Tata stake sale plans
pre-market1 source ↓written by the desknot a recommendation
- plan to sell
- 7%
- stake in Tata
- 18.37%
- valued
- ₹2.3 lakh cr
Shapoorji Pallonji Group is reconsidering its plan to sell 7% of its 18.37% stake in Tata Sons, valued at ₹2.3 lakh cr. This decision follows a directive from the Reserve Bank of India regarding compliance with listing requirements. The group seeks clarity on the timing and valuation before proceeding with the sale.
Not investment advice. For informational purposes only.