Tatas Object To Shapoorji Pallonji Group Plan To Pledge Stake

Tata Sons and its estranged minority shareholder, Shapoorji Pallonji (SP) Group, have clashed once again with the former objecting to cash-strapped SP Group’s plans to pledge a portion of its stake in the Tata Group parent to raise money. Pallonji Mistry and sons, Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group,…