The Power Finance Corporation (PFC) has approved a Rs 15,000 crore loan to Shapoorji Pallonji (SP) group companies, significantly aiding the Mistry family, who own 18.37% of Tata Sons. This loan aims to settle promoter debts and operational firm obligations. Secured by SP group’s real estate cash flows and Mistry family’s Tata Sons shares, the four-year loan includes interest coverage for two years. SP Group had sought $1.2 billion from PFC for refinancing part of a Rs 20,000 crore debt. The loan will be funneled through two Special Purpose Vehicles (SPVs) to repay bondholders.