Shapoorji Pallonji sends notice to Tata Sons board for blocking fundraising

The Shapoorji Pallonji (SP) Group has sent a notice to the board of Tata Sons challenging its move to block the group from pledging its shares to raise funds. The board has three days to respond, failing which the Mistry family will seek damages for the harm inflicted, a spokesperson said. The SP Group holds 18.4% stake in Tata Sons.