Noel Tata seeks board scrutiny of SP Group’s Rs 25,000 crore exit plan, Tata Sons restructuring

Mumbai: Tata Sons director Noel Tata has asked the company’s board to examine a ₹25,000-crore funding request from minority shareholder Shapoorji Pallonji (SP) Group through a proposed capital reduction. He has also sought a detailed evaluation of Tata Trusts’ plan to restructure the group holding company to preserve its unlisted status.

Noel Tata is also chairman of Tata Trusts, which majority-owns Tata Sons.