Tata Trusts proposes ₹25,000 crore plan for SP Group, says Tata Sons listing is not an option

Tata Trusts has put forward a proposal that could give the Shapoorji Pallonji Group a ₹25,000 crore liquidity route by buying back part of its stake in Tata Sons. The plan involves a two-tranche buyout over 18 months and an NCLT-led capital reduction process, while the Trusts continue to oppose a Tata Sons listing.