India: Mistry Group seeks to raise up to $1b by pledging Tata stake

India: Mistry Group seeks to raise up to $1b by pledging Tata stake

The Shapoorji Pallonji Group, controlled by billionaire Pallonji Mistry and his family, is in preliminary discussions to borrow as much as $1 billion to repay maturing debt using part of its stake in Tata Sons Ltd. as collateral, said people with knowledge of the matter.

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