Except for the Nifty IT and Nifty FMCG indices, all Nifty industry indices were trading in the red. Stock Market News Today | Sensex, Nifty, stock prices LIVE: National equity market benchmark indices BSE Sensex and Nifty 50 trimmed all gains minutes after opening at record levels on Wednesday amid …
Read More »Shapoorji Pallonji Group to reformulate 10,900 crore debt under COVID-19 resolution framework
Mumbai: Shapoorji Pallonji Group, which has decided to exit the Tata group, will restructure ₹10.9 billion rupees of its debt under the pandemic-related stress resolution framework, an official with the group said. The relief is sought under the one-time loan restructuring plan approved by the Reserve Bank after it accepted …
Read More »SP Group’s departure from Tata Group: who can buy their share and how
Written by George Mathew, Sandeep Singh, edited by Explained Desk | Mumbai, New Delhi | Updated: September 24, 2020 1:02:43 am Cyrus Mistry’s Shapoorji Pallonji (SP) group has offered to exit Tata Sons in the wake of protracted litigation with the Tatas (express photo by Oinam Anand) After a partnership …
Read More »Shapoorji Pallonji Group agrees to leave Tata Sons, requests separation
The Shapoorji Pallonji Group told the Supreme Court of India on Tuesday that it would withdraw from Tata Sons provided it gets an early, fair and equitable solution. With this, the 70-year relationship between two of India’s largest groups will come to an end. The SP Group, which owns an …
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