SP Group looks to raise $1.75 billion against Tata stake

The group has already pledged close to 9% of its 18.37% stake in Tata Sons. After this latest transaction, the entire stake, currently valued at close to ₹94,000 crore, will be pledged to lenders including two foreign banks and several overseas hedge and credit funds.

from Banking/Finance-Industry-Economic Times https://ift.tt/D5bny7c