The promoters Manoj Kumar Lohariwala and his brother Vinay Kumar Lohariwala are diluting their stakes from 67% to 52%. Of the issue proceeds, ₹168 crore would be used toward debt repayment and ₹72 crore for working capital requirements.
Shapoorji Pallonji Group is exploring debt options for a ₹3,500 crore repayment. The central bank’s Tata Sons listing mandate offers investors a clear repayment path.
Tata group stocks may see gains after recent declines. Investors anticipate Tata Sons’ upcoming public listing and its impact. Several listed companies hold significant stakes
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