Shapoor Mistry seeks ₹25,000 crore from Tata Sons for SP Group's stake. This proposal aims to raise cash while preserving Tata Sons' private status. Discussions are ongoing regarding transaction structure and valuation for a potential buyback. SP Group faces pressure from lenders and needs to monetize its holding. Monetization amount will depend on valuations and immediate funding needs.
The Economic Times
Original source
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India and Russia agreed to expand industrial collaboration across manufacturing and critical minerals. They aim to reach a $100 billion bilateral trade target by the year 2030. Defence and energy cooperation progress was also reviewed by the two leaders. Discussions included boosting Make in India and reducing the trade gap. Both nations are also exploring joint energy projects and civil nuclear cooperation.
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