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Published: March 31, 2024
Updated: March 31, 2024
The SP group sold its stake in the data centre business to repay part of its high-cost loans. The group has two loans — one in the group flagship and another one on the promoters’ level. The total debt is as high as Rs 36,000 crore between the flagship and promoter entities, as per rating agencies.
With the Tata group avoiding an IPO, the SP group will have to look for other avenues of raising cash, including selling more assets.
February 15, 2025 - First Issue
Industry Review
VOL XVI - 10
February 01-15, 2025
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