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SP Group bonds gain as Tata Sons stake sale plan lifts sentiment

SP Group bonds gain as Tata Sons stake sale plan lifts sentiment

Bonds issued by the Shapoorji Pallonji (SP) Group are being offered at a premium amid plans to sell part of its stake in Tata Sons, according to bankers. The move is seen as improving liquidity and repayment prospects for the conglomerate.

Original headline

SP Group bonds offered at premium on Tata Sons stake-sale plan, bankers say