Mistrys' Wealth Tryst With Tatas
The fortunes of the Mistry family is now entirely at the discretion of the Tatas.
The fortunes of the Mistry family is now entirely at the discretion of the Tatas.
Cyrus Mistry was known for his transparency and integrity in all his business dealings, says the Mistry family.
Pallonji is survived by his wife Patsy, daughters Laila Rustom Jehangir, Aloo Noel Tata, sons Shapoor Mistry and Cyrus Mistry.
PE to acquire 72.56% in Shapoorji Pallonji Group firm; entity to be listed after demerger.
Consumer durables major is eyeing a bigger play in the water purifier business.
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.
All stakeholders should collectively work for the benefit of the Tata group, said Mistry after the verdict was in his favour, which found merit in his claim of oppression and prejudicial behaviour.
The appellate tribunal held Mistry’s removal as illegal, but the matter is far from over as Tata Sons is expected to challenge the verdict in the Supreme Court.