Tuesday, Oct 04, 2022

Shapoorji Pallonji


Shapoorji Pallonji and Co exits from Eureka Forbes

July 14, 2022 7:25 pm

Advent International backed Lunolux acquired 1.68 crore equity shares of Eureka Forbes constituting 8.7 per cent of the equity share capital of Eureka Forbes from Shapoorji Pallonji and Company on July 12, 2022, said a regulatory update by the manufacturer of the vacuum cleaner and water purifier.

Pallonji Mistry, chairman of Shapoorji Pallonji group, passes away at 93

June 28, 2022 2:47 pm

Pallonji Mistry death: PM Narendra Modi, tweeted, "Saddened by the passing away of Shri Pallonji Mistry. He made monumental contributions to the world of commerce and industry."

When Shapoorji Pallonji funded Mughal-e-Azam and Khojeste Mistree became a religious pop star

August 01, 2021 9:20 am

A new book, 'The Tatas, Freddie Mercury & Other Bawas' by Coomi Kapoor, offers a ringside view into the lives and contributions of some of India’s most well-known Parsis

Shapoorji Group files separation plan from Tata in Supreme Court

October 30, 2020 10:02 am

Tata Sons is a core investment company and is the holding company for the Tata group and its value arises from its stake in listed equities, non listed equities, the brand, cash balances and immovable assets, SP said.

Shapoorji ready to exit as Tata offers to buy out its stake

September 23, 2020 11:31 am

The statement came hours after the Tata Group informed the court that it was ready to buy out the SP Group's stake.

Rs 89,467 siphoned from bank account of Pallonji Shapoorji Mistry’s daughter by cyber fraudsters

September 23, 2020 11:17 am

Since the last decade, however, the firm's Deputy General Manager (Accounts) Jayesh Merchant has also been a mandate holder of Jahangir's account and SMS alerts of transactions are sent to his mobile phone.

SP Group’s exit from Tata Group: Who can buy its stake, and how

September 24, 2020 9:07 am

Shapoorji Pallonji Group has told the Supreme Court their separation from the Tata Group is necessary, and the Tata Group has said they are willing to buy the stake of SP Group in Tata Sons.

SP Group to ‘vigorously contest’ Tata Sons move in SC against pledging shares

September 13, 2020 1:07 am

The Tatas have argued that the articles of association (AoA) stipulate that shares cannot change hands, including to lenders or other parties and the right of first refusal rests with Tata Sons.

Mistry Group seeks up to $1 billion by pledging Tata stake

March 31, 2020 12:34 pm

Mistry’s Shapoorji Pallonji & Co. had 90.2 billion rupees ($1.2 billion) of debt as of Sept. 30, according to rating assessor ICRA Ltd. A representative for Shapoorji Pallonji Group declined to comment.

Icra downgrades Rs 23,500-crore facilities of Shapoorji Pallonji

November 29, 2019 3:41 am

Negative outlook takes into account the slower-than-anticipated progress achieved by SPCPL in terms of its deleveraging plans through equity infusion and asset monetisation.