Pallonji Mistry dies at 93
NEW DELHI: Shapoorji Pallonji Group’s head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93. He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the […]
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 […]