If a person had invested ₹10 lakh in this multibagger stock on January 11, 2021, it would have become ₹41.5 lakh at present. The stock has been placed under long term ASM stage 4 category on the BSE.
The Shapoorji Pallonji Group is in talks with Farallon Capital to raise ₹8,000 crore for making loan repayments.
The Supreme Court verdict upholding the Tatas’ claims has undoubtedly diluted Cyrus Mistry’s bargaining power, but he is unlikely to relent on the valuation issue.
The two listed stocks of Shapoorji Pallonji Group jumped on the bourses after the Mistry family said it was considering severing ties with the Tata group.
While an amicable separation of the two warring sides may be good for all stakeholders, arriving at an acceptable valuation will not be easy.
While Mistry has stated he doesn’t want to return as chairman, it is to be seen if the apex court allows him to come back as Tata Sons director
A grand musical on a timeless tale of love and loss further cements Shapoorji Pallonji Group’s place in the country’s artistic heritage.
