New Delhi, Oct. 22 -- The Shapoorji Pallonji (SP) Group has urged Tata Sons to prioritise a proposal to buy back shares worth around Rs.25,000 crore at its next board meeting, as the debt-laden conglomerate looks to raise funds to repay its borrowings, according to a report by Business World.

The proposal was presented to the Tata Sons board at its previous meeting by Tata Trusts chairman Noel Tata and remains under consideration. The SP Group is seeking to monetise part of its 18.4% stake in Tata Sons, held through Sterling Investments Corporation and Cyrus Investments, to generate funds for debt repayment, the report said.

The proposed plan involves a selective reduction of Tata Sons' share capital over 18 months, which could generate...