Shapoorji Pallonji

L&T is lowest bidder for New Delhi station revamp with Rs 8,740 cr offer

Infra major was in the fray with Shapoorji Pallonji for largest station upgrade project; its submission is over Rs 3,000 crore beyond the Centre's estimate

Backed by big deals, GIC ahead of western peers in office properties

According to sources, GIC is in the final leg of three real-estate deals in the country. They relate to properties or significant stakes in portfolios of key investors

NCLAT upholds Adani bid; asks Shapoorji Pallonji to pursue arbitration

The National Company Law Appellate Tribunal (NCLAT) has upheld the 2019 Resolution Plan of Adani Power's bid for Korba West Power and has asked Shapoorji Pallonji & Co to pursue arbitration proceedings for pending claims. A two-member NCLAT bench said "there is no illegality in the order of the approval of the resolution plan by the Adjudicating Authority (NCLT) and it does not see any reason to set aside the resolution plan by Adani Power. The appellate tribunal was deciding over a petition filed by Shapoorji Pallonji & Co, against an order passed by the Ahmedabad Bench of the National Company Law Tribunal (NCLT) on June 24, 2019 approving the resolution plan by Adani Power. Shapoorji Pallonji & Co has claims of Rs 45.22 crore and an arbitration was going for the same. However, Korba West Power has itself triggered the Corporate Insolvency Resolution Process (CIRP) under section 10 of the Insolvency and Bankruptcy Code. Following this, the company came under moratorium ...

Shapoor Mistry lone representative on boards of family investments firms

Both firms own 18.4% stake in Tata Sons

Shapoorji Pallonji Real Estate raises Rs 450 crore from Motilal Oswal

Shapoorji Pallonji Real Estate (SPRE) has raised Rs 450 crore from Motilal Oswal Group to fund its two projects. Motilal Oswal Alternates, the investments arm of Motilal Oswal Group, has committed Rs 450 crore to Shapoorji Pallonji Real Estate. The investment has been made against two projects. One of the projects is a partially completed, leased and operational commercial project located in Manesar. The other project is a residential township project, launched in 2021 and has seen a positive sales response. "The investment, which has been made through structured debt instruments will be utilised towards working capital for the project, repayment of debt and to achieve financial closure," Motilal Oswal said in a statement on Monday. Venkatesh Gopalakrishnan, CEO of Shapoorji Pallonji Real Estate, said the additional funding will strengthen the company's growth story even more by adding significant value to its project pipeline. Sharad Mittal, CEO of Real Estate Funds, Motilal Oswa

Motilal Oswal invests Rs 450 cr in Shapoorji Pallonji Real Estate

Takes exposure to two projects--one commercial, the other a residential township

Mistry's death sentimentally negative but stay put in SP Grp stks: Analysts

Cyrus Mistry, a high-profile Indian-born Irish businessman and the former chairman of the Tata group, passed away in a road accident on September 4, 2022

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Cyrus Mistry's death puts spotlight on SP Group's holding in Tata Sons

There were media reports in March this year that SP Group was taking a Rs 15,000 crore loan against its holding in Tata Sons

Shapoorji Pallonji & Co to reduce debt by Rs 4,000 crore in FY23

Its consolidated external debt reduced by about Rs 13,500 crore during FY22 to Rs 23,475 crore as on March 31

Shapoorji Pallonji and Company divests 1.25% stake in energy firm

The 3.6-million share OFS garnered bids for 7.8 million shares from institutional investors on Friday

Shapoorji Pallonji and Co exits from Eureka Forbes after selling 8.7% stake

Construction major Shapoorji Pallonji and Company has exited from Eureka Forbes after selling its remaining 8.7 per cent stake to the new owner Lunolux, a firm backed by private equity

What legacy Pallonji Mistry leaves behind?

Pallonji Mistry's quiet demise was in tune with his reclusive nature. He diversified the Shapoorji Pallonji Group and built some of the country's iconic buildings. Find out more about his legacy

SP group back in business as fortunes revive in post pandemic era

Company turned around in FY22 after the Covid pandemic hit its core real estate operations in FY21; experts say Pallonji Mistry's sons now lead the businesses

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 to build Noida International Airport; pips L&T, Shapoorji

Tata Projects will construct the terminal, runway, airside infrastructure, roads, utilities, landside facilities and other ancillary buildings at Noida International Airport

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

Arvind Uppal new Eureka Forbes chairman; Shapoorji Mistry leaves board

Shapoorji Pallonji Mistry and six other directors have resigned from the board of Eureka Forbes, with the new owner Lunolux Ltd taking control of the vacuum cleaner and water purifier maker.