Mistry family in talks to refinance Rs 18,000 cr of debt

Date:

August 24, 2023

The debt is held by the Mistry family under Sterling Investment Corp. Pvt Ltd (SICPL), which owns a 9.182% stake in Tata Sons. These bonds were issued in 2021 and had a tenor of three and a half years. The group has sounded out a few large funds and global banks, two sources said.

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