SP group

Tata Sons Limited on September 22, informed that they are willing to buy 18% stakes of Shapoorji Pallonji Group, owned by Cyrus Mistry. The decision came after the Mistry, who is also one of the investors at Tata, had a bitter clash with the Group in 2016, which required to pay matured debts. However, SP group wants to raise capital using the shares as collateral which Tata Group fears as a risk.