Mumbai, Sept. 17 -- Tata Trusts Chairman Noel N Tata on Thursday placed before the Tata Sons Board a proposal to provide at least Rs 25,000 crore of liquidity to the Shapoorji Pallonji Group (SP Group) through monetisation of part of its shareholding in Tata Sons.

The proposal, received from the SP Group, relates to Tata Sons shares held by Sterling Investments Corporation Private Limited and Cyrus Investments Private Limited and was discussed at the Tata Sons Board meeting on Thursday.

According to Tata Trusts, the proposal followed earlier discussions involving Noel Tata, Tata Sons Chairman N Chandrasekaran and Shapoor Mistry.

"The transaction envisages a sale of such number of Tata Sons shares held by SICPL and CIPL as would, at a m...