Shapoorji Pallonji Family

Cyrus Mistry, former Tata Sons chairman who died in a car crash on Sunday, was cremated today in Mumbai. The death of the 54-year-old, scion of one of India's most illustrious business families - Shapoorji Pallonji Group - has shocked corporate India

Cyrus Mistry, scion of one of India's most illustrious business families - Shapoorji Pallonji Group - who formerly headed the Tata Sons, was killed in a car accident near Mumbai on Sunday. He was 54.

Since Cyrus Mistry was appointed the Tata Group's Chairman, the family business was entrusted it to his elder brother Shapoor Mistry.

Harish Salve, the Tata group counsel, had said that the Mistry family has voted for the amendments in the articles of associations but expressed discontent after Cyrus Mistry was sacked

The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was ...

The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.

The conflict between Pallonji Mistry and the Tata Group began with a boardroom coup in 2016, when the former's son was ousted as chairman of the latter. The 89-year-old Mistry is one of the largest shareholders in Tata Sons Ltd., which controls the $100 billion conglomerate, and his family has since filed numerous lawsuits against the holding compa...

The board of Tata Sons, the promoter of major operating firms of the Tata group, had earlier this month asked firms of the conglomerate to terminate all business relationship with the Shapoorji Pallonji (SP) Group, according to Tata group insiders.

The Shapoorji Pallonji family own a roughly 18 percent stake in Tata Sons, with Tata Trusts - a group of public charities - owning a controlling 66 percent stake in the holding company.

The Shapoorji Pallonji group is the single largest shareholder in Tata Sons with 18 per cent stake. Cyrus Mistry will continue to be a director on the board of Tata Sons, which is the holding company for the $103-billion conglomerate, India's biggest.

Cyrus Mistry's surprise removal as Chairman of the Tata Group was rooted in a mismatch of values between him and Ratan Tata, his 78-year-old predecessor, according to Harish Salve, a long-time legal adviser to the $100 billion group.

The Tata Sons has filed multiple caveats in courts and other forums to prevent any ex parte or one-sided orders being passed against it if Cyrus Mistry or his family's Shapoorji Pallonji Group moves court against his ouster as chairman of Tata Sons on Monday.

The Shapoorji Pallonji group owns nearly 18 per cent stake in Tata Sons and Mr Mistry continues to be a member on the board of directors of the Tata company.

Cyrus Mistry, former Tata Sons chairman who died in a car crash on Sunday, was cremated today in Mumbai. The death of the 54-year-old, scion of one of India's most illustrious business families - Shapoorji Pallonji Group - has shocked corporate India

Cyrus Mistry, scion of one of India's most illustrious business families - Shapoorji Pallonji Group - who formerly headed the Tata Sons, was killed in a car accident near Mumbai on Sunday. He was 54.

Since Cyrus Mistry was appointed the Tata Group's Chairman, the family business was entrusted it to his elder brother Shapoor Mistry.

Harish Salve, the Tata group counsel, had said that the Mistry family has voted for the amendments in the articles of associations but expressed discontent after Cyrus Mistry was sacked

The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was ...

The 154-year-old group, controlled by billionaire Pallonji Mistry and his family, expects the deals to be clinched by March next year, a source said.

The conflict between Pallonji Mistry and the Tata Group began with a boardroom coup in 2016, when the former's son was ousted as chairman of the latter. The 89-year-old Mistry is one of the largest shareholders in Tata Sons Ltd., which controls the $100 billion conglomerate, and his family has since filed numerous lawsuits against the holding compa...

The board of Tata Sons, the promoter of major operating firms of the Tata group, had earlier this month asked firms of the conglomerate to terminate all business relationship with the Shapoorji Pallonji (SP) Group, according to Tata group insiders.

The Shapoorji Pallonji family own a roughly 18 percent stake in Tata Sons, with Tata Trusts - a group of public charities - owning a controlling 66 percent stake in the holding company.

The Shapoorji Pallonji group is the single largest shareholder in Tata Sons with 18 per cent stake. Cyrus Mistry will continue to be a director on the board of Tata Sons, which is the holding company for the $103-billion conglomerate, India's biggest.

Cyrus Mistry's surprise removal as Chairman of the Tata Group was rooted in a mismatch of values between him and Ratan Tata, his 78-year-old predecessor, according to Harish Salve, a long-time legal adviser to the $100 billion group.

The Tata Sons has filed multiple caveats in courts and other forums to prevent any ex parte or one-sided orders being passed against it if Cyrus Mistry or his family's Shapoorji Pallonji Group moves court against his ouster as chairman of Tata Sons on Monday.

The Shapoorji Pallonji group owns nearly 18 per cent stake in Tata Sons and Mr Mistry continues to be a member on the board of directors of the Tata company.