₹25,000-crore SP Group liquidity plan separate from Tata Sons listing, says Tata Trusts
A monetary policy development with market-wide reach.
· Business Today Mkts
Speaking on the proposal to restructure Tata Sons, Tata Trusts consultant Farokh Subedar said the Trusts were working with Tata Sons and the SP Group on a liquidity solution that could address a substantial part of the SP Group's debt.
The analysis
This is an Asset quality / margins event. For lenders the headline profit is the least informative line. Slippages, credit cost and margin direction determine whether the quarter is repeatable.
Related coverage
RBI repo rate hike: Higher EMI or longer tenure? Which is cheaper for home loan borrowers?
RBI's 25 bps Repo Rate Hike: Experts see more! Right time to sell stocks and buy government-backed bonds?
Loans get costlier: PNB, BOB others hike rates after RBI’s 25-bps repo rate hike
Shadowfax Technologies shares jump 137% from IPO price; ICICI Securities sees 15% upside | Should you buy?
RBI rate hike: ICRA sees one more 25-bps hike, Axis MF expects up to 75 bps more