Tata Sons listing prospects may pave way for cheaper refinancing of SP Group’s Rs 21,500 cr promoter debt
The Reserve Bank of India’s reported rejection of Tata Sons’ application to surrender its non-banking finance company registration could make it easier for the Shapoorji Pallonji (SP) Group to refinance its expensive Rs 21,500-crore debt at a lower cost, as it substantially improves the prospects o…