Page 4 - Shapoorji Pallonji Group

Towering legacy: Pallonji Mistry's business achievements span continents

The patriarch of the over 155-year-old construction empire held an 18.4 per cent stake in Tata Sons

Low-profile billionaire philanthropist Pallonji Mistry passes away at 93

Billionaire industrialist Pallonji Mistry died in Mumbai last night

Pallonji Mistry, Indian-Irish billionaire caught in Tata feud, dies at 93

Mistry and his family control the Shapoorji Pallonji Group, which started more than 150 years ago and today employs more than 50,000 people in over 50 countries

Tata Projects wins bid to build Jewar Airport, beats SP Group and L&T

Betters SP Group, L&T on quality and cost-based selection criteria

SC dismisses plea to review removal of Cyrus Mistry as Tata Sons head

The genesis of the dispute can be traced to the removal of Mistry as executive chairman of Tata Sons in 2016

Ratan Tata, Tata Sons welcome SC dismissal of review petition by SP Group

Ratan Tata and Tata Sons on welcomed Supreme Court's dismissal of a plea of the Shapoorj Pallonji group seeking a review of verdict that upheld group's removal of Cyrus Mistry as Chairman of Tata Sons

Shapoorji Pallonji eyes Rs 525 cr sales revenue from new project in Mumbai

The company has launched Shapoorji Pallonji SKYRAA - a luxury residential project in Thane

Tata-Mistry case: Supreme Court to hear review plea in open court

The order to hear the review petition was passed by a three-judge Bench of Chief Justice of India NV Ramana, Justice AS Bopanna and Justice V Ramasubramanian

Joyville sales bookings jump three-times to Rs 450 cr in April-September

Business conglomerate Shapoorji Pallonji's housing platform Joyville has clocked nearly three-fold jump in its sales booking at Rs 450 crore during the first half of this fiscal year on strong demand for mid-income residential properties, a top company official said. Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, had sold properties worth Rs 160 crore in the corresponding period of the last fiscal year. In an interview with PTI, Joyville Shapoorji Housing Managing Director Sriram Mahadevan said, "the real estate market is doing well because of improved market sentiments driven by progress in the vaccination programme." Moreover, COVID-19 cases have also come down significantly, he added. "We have sold over 700 apartments for around Rs 450 crore in the first six months of this financial year. The sales bookings have grown almost three times compared to the year-ago period," Mahadevan told PTI. Sales have been good in all four cit

Tata-Mistry battle: Can debt-ridden SP Group monetise its crown jewel?

The 70-year ties between Tata Group and SP Group have gone from sweet to sour in last few years. Mistrys want to exit Tata Sons and liquidate their stake. Will they succeed? Watch this report

Forbes & Co jumps 5% as PE major Advent buys stake in Eureka Forbes

The private equity major Advent International on Sunday signed an agreement with Shapoorji Pallonji Group to acquire a majority stake in Eureka Forbes at an enterprise valuation of Rs 4,400 crore

Afcons bags largest-ever infrastructure project in Maldives

It involves constructing the Male to Thilafushi Link project, popularly called Greater Male' Connectivity Project (GMCP) over 32 months.

Tata go-ahead not needed to pledge shares, says Shapoorji Pallonji Group

Has approached foreign banks for a Rs 5,000-crore bridge loan

Sterling and Wilson Solar announces appointment of Amit Jain as Global CEO

Sterling and Wilson Solar Ltd on Monday announced the appointment of Amit Jain as Global CEO. Indian multinational and global leader in Solar EPC, Sterling and Wilson Solar Ltd has appointed Amit Jain as Global CEO, the company said in a BSE filing. He succeeds Bikesh Ogra, who relinquished the position with effect from May 31, 2021. Ogra will continue as a Director on the Board of the company. Jain has been associated with Sterling and Wilson Solar Ltd since January 2019 as the Country Head for the US and Australia. He has been instrumental in developing the US and Australia as key markets for the company. Jain will take over the global operations of the company and report to the Board of Directors. He will now be responsible for business development, market growth and the P&L for SWSL that has its operations across 25+ countries. He will continue to operate from Dubai. Khurshed Daruvala, Chairman, Sterling and Wilson Solar Ltd, said in a statement, We are delighted to elevat

'Miscarriage of justice', claims SP group's Tata-Mistry case review plea

Minority shareholders rights to get impacted, says review petition in SC

Tata vs Mistry: Shapoorji Pallonji Group files review petition in SC

In its March 26 judgement, Supreme Court had ruled in favour of the Tata Group

Tata vs Mistry: Shapoorji-Pallonji group files review petition in SC

In its March 26 verdict, the court had ruled in favour of the Tata group

Tata-Mistry case: SC verdict puts spotlight on duties of nominee directors

The Supreme Court's observations in the Tata-Mistry case has raised questions about the fiduciary duties of nominee directors

A comprehensive win for the Tatas

They stand vindicated in the Mistry saga, but what is legally sound may not conform to the best standards of governance

Private equity firms value SP Group stake in Tata Sons at hefty discount

PE players willing to offer credit are asking for two things - a personal guarantee from the SP family, and a pledge of shares in its own group companies.