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The Latest Breaking News from SP Group

Noel Tata, Shapoorji discuss share swap for Tata Sons stake sale

The Tata Group is exploring options with the Shapoorji Pallonji Group to unlock liquidity from its 18.4% stake in privately held Tata Sons, according to people familiar with the matter. Proposals include a potential swap of shares in listed Tata companies such as Tata Power, a Tata Sons buyout financed…

The Economic Times

Why Tata Sons is facing pressure to list and what after Chandrasekaran resigns

Tata Sons Chairman N Chandrasekaran is preparing to step down after nearly a decade, putting succession, Tata Sons listing and the balance of power with Tata Trusts under scrutiny. The Tata Trusts hold 66% of Tata Sons, while Shapoorji Pallonji Group owns 18.4%. RBI rules could pressure Tata Sons to…

The Economic Times

Tata Investment, Tata Chemicals rally up to 7% after RBI classifies Tata Sons as upper-layer NBFC

Tata Investment Corp and Tata Chemicals shares rallied up to 7% after the RBI classified Tata Sons among the 16 upper-layer NBFCs, reviving focus on the holding company's potential listing. The central bank is also examining Tata Sons' application to surrender its core investment company registration.

The Economic Times

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Shapoorji Pallonji Group completes long-delayed debt fundraising, sources say

The Shapoorji Pallonji Group has successfully wrapped up its fundraising campaign, garnering bids amounting to a remarkable 215 billion rupees for a three-year bond. This initiative is primarily designed to refinance the conglomerate's existing debts while investors have been reassured about the monetization of its stake in Tata Sons. Notably,…

The Economic Times

Cyrus Mistry's sons Firoz, Zahan Mistry join SP Group: Report

NEW DELHI: The Late Cyrus Pallonji Mistry's sons Firoz Mistry and Zahan Mistry have joined the Shapoorji Pallonji (SP) Group, according to a report by the Economic Times.

The Times of India

Former Tata Sons Chairman Cyrus Mistry dies in car crash

Mistry, 54, who died on Sunday, was sacked from Tata Sons, the holding company of the $300bn conglomerate, in 2016.

Al Jazeera

NIIF acquires J&K highway project for $290 million after Shapoorji Pallonji Group exits

Deal to reduce SP Group debt by ₹1,850 crore

The Hindu

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Pallonji Mistry, billionaire caught in Tata feud, dies at 93

NEW DELHI: Pallonji Mistry, the Indian-born billionaire whose engineering empire built luxury hotels, stadiums, palaces and factories across Asia and whose family’s epic showdown with the Tata Group sparked India’s biggest corporate feud, has passed away in Mumbai. He was 93.

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