Tag: Shapoorji Pallonji Group

Shapoorji Pallonji Group formally seeks separation from Tata in Supreme Court

NEW DELHI: Shapoorji Pallonji (SP) Group has formally sought separation from Tata in the Supreme Court and argued that Tata Sons is effectively a two-group company. The Tata Group comprises Tata Trusts, Tata family members and Tata companies holding [ 81.6%] of the equity share capital, and the Mistry family owning the balance 18.37%. Tata […]

Shapoorji Pallonji Group to recast Rs 10,900-crore debt under COVID-19 resolution framework

NEW DELHI: The Shapoorji Pallonji Group, which has decided to exit the Tata group, will restructure Rs 10,900 crore of its debt under the resolution framework for pandemic-related stress, a group official said. The relief is being sought under the one-time loan restructuring plan approved by the Reserve Bank after it accepted the KV Kamath […]

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