Page 8 - Shapoorji Pallonji Group

Shapoorji Pallonji Group yet to send formal request for separation: Tatas

Tata Sons reiterates that it will only respond in court; settlement remains deadlocked

Mistry opens new front against Tatas over Parliament redevelopment project

The Mistry family alleges misconduct in bidding process, wants Tatas disqualified

Cash strapped and under-capitalised, SP group faces biggest test ever

A shift from a low-risk project execution model to big bets on infrastructure and real estate projects has plunged the group into crisis

SP Group to recast Rs 10,900-cr debt under Covid-19 resolution framework

The Tatas moved court a day after the SP Group inked a fund raising deal with the Canadian fund Brookfield for Rs 3,750 crore.

Tata and Mistry to part ways: A 70-year old partnership set to end

The partnership, which survived post-independence upheaval in the country and economic liberalisation in 1991, is set to end now

Sterling and Wilson Solar surges 20% on heavy volumes

According to analysts the proceeds received by SP group after exiting Tata group could be used to repay debt the former owes to Sterling and Wilson Solar

Tata Group stks mixed after Shapoorji Pallonji Grp agrees to exit Tata Sons

In a late evening statement, the Mistry family said separation from the Tata group was necessary due to the potential impact the ongoing litigation could have on livelihoods and the economy.

SP Group, cash strapped and under-capitalised after betting on infra sector

SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent

Mistrys eye huge windfall, set Rs 1.8-trillion price tag for exit

SP group has also assigned a brand value of Rs 1.46 trillion to Tata Sons and wants a proportionate share of the same

Shapoorji Pallonji Group agrees to exit Tata Sons, calls for separation

The SP group is expecting a valuation of Rs 1.78 trillion for its stake, valuing the entire Tata Sons at Rs 9.7 trillion, or Rs 2.4 crore per share

Top headlines: Tata-Mistry shares' dispute, India trials for Russia vaccine

Business Standard brings you the top headlines of the day

Tata vs Mistry: Status quo on pledging, transferring of shares till Oct 28

A bench headed by Chief Justice S.A. Bobde said the group should not take any further action on the shares, they have already pledged for raising funds

SP slaps notice on Tata Sons board, seeks damages for blocking fund raise

Notice questions actions of Tata Sons independent directors, Mistrys say they are duty bound to protect interests of minority shareholders

Shapoorji Pallonji group may sell S&W stake as Tatas nix Brookfield plan

Group may seek debt moratorium at real estate project level or even sell land parcels across India, say analysts

Tatas blocking share pledge vindictive, to cause damages: SP group

Shapoorji Pallonji Group that owns 18.37% in Tata Sons said the Tatas moving SC to block its plan to pledge shares for raising funds reeks of vindictiveness, oppression of minority shareholder rights

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Eureka Forbes expects modest single-digit growth in FY21: Official

According to the company, it is witnessing a renewed focus on health and hygiene categories under the new normal

Mistry family in talks with investors to raise Rs 4K cr, aims to cut debt

Funds being raised via debt, sale of part stake in Sterling and Wilson Solar

Central Vista project: 7 companies submit pre-qualification bids

The CPWD, a prime construction agency of the central government, said the new building will be constructed at plot number 118 of the Parliament House Estate

Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.