
Shapoorji Pallonji’s Forbes & Co hits upper circuit for third day; here’s why
Forbes and Co share price surged 15% in three days after its board approved the demerger of its precision tools and machine parts business on Monday.
Forbes and Co share price surged 15% in three days after its board approved the demerger of its precision tools and machine parts business on Monday.
The fortunes of the Mistry family is now entirely at the discretion of the Tatas.
The encrypted data from the accident-hit car will be analysed, decrypted and will be shared with police for further investigation.
Cyrus Mistry was known for his transparency and integrity in all his business dealings, says the Mistry family.
The Shapoorji Pallonji Group publicly holds 5 stocks with a net worth of over ₹2,965.9 crore as of June 30, 2022.
Anahita Pandole, a gynaecologist at Breach Candy Hospital, was behind the wheel when the accident happened.
Pallonji is survived by his wife Patsy, daughters Laila Rustom Jehangir, Aloo Noel Tata, sons Shapoor Mistry and Cyrus Mistry.
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.