SP Group to issue ₹25,500 cr bonds backed by Tata Sons stake
after close1 source ↓written by the desknot a recommendation
- bond issue using
- ₹25,500 crore
- in Tata Sons
- 18.37% stake
- interest rate
- 18.95%
- ownership disputes
- 18 months
Shapoorji Pallonji (SP) Group plans to launch a ₹25,500 crore bond issue using its 18.37% stake in Tata Sons as collateral. The bonds, with an interest rate of 18.95%, aim to refinance existing debt. They are set to be issued by Eqvizen Investment and will require Tata Sons to either pursue an IPO or settle ownership disputes within 18 months.
This bond issuance is significant as it highlights the reliance on monetizing the Tata stake for repayment, potentially impacting market sentiment around Tata Sons and its future IPO plans.
Not investment advice. For informational purposes only.