Shapoorji Pallonji Group to part ways with Tata Sons
Views : 283
Update time : 2020-09-23 19:33:46
Signalling the end of a 70-year partnership with the Tatas, the Shapoorji Pallonji (SP) Group, which holds 18.37% stake in Tata Sons, on Tuesday said that “mutual co-existence of both groups at Tata Sons would be infeasible... and a separation from the Tata group is necessary”. This will mean the SP group selling its equity stake in Tata Sons. The move was triggered after the Suprem Court restricted the SP Group, till October 28, from pledging its shares in Tata Sons to raise debt.
Top 5 downstream aluminium projects of 2024 to redefine the value-added product industry
Ricoh's latest development set to cut costs & improve accuracy in aluminium binder jetting method
