Shapoorji Pallonji Group

Shapoorji Pallonji Group


More Stories on Shapoorji Pallonji Group
As Eureka Forbes moves into the hands of PE major Advent International, it marks the departure of the SP Group

SP Group looks to cut debt burden in other firms after Eureka Forbes sale

Sep 20, 2021

Eureka Forbes had been looking to exit the business for at least a year with interest largely having come from the private equity players, with Electrolux being the only consumer durable player

After listing of Eureka Forbers, Advent will purchase up to 72.56 per cent of its outstanding stock on a fully diluted basis from the Shapoorji Pallonji Group.

PE firm Advent to acquire majority stake in Eureka Forbes from Shapoorji Pallonji Group

Sep 19, 2021

The transaction values Eureka Forbes Ltd, a market leader in the health and safety solutions space in India, at an enterprise value of Rs 4,400 crore, subject to closing adjustments.

Delhi HC says Central Vista project essential; imposes Rs 1 lakh fine on petitioners

May 31, 2021

The continuation of the project was challenged by Anya Malhotra, a translator, and Sohail Hashmi, a historian and documentary filmmaker, because of the second wave of the Covid-19 pandemic

Centre to set up 551 PSA oxygen generation plants through PM CARES

Apr 26, 2021

Centre to set up 551 PSA oxygen generation plants through PM CARES

The Prime Minister Office has stated that PM CARES Fund has given approval for setting up 551 dedicated Pressure Swing Adsorption (PSA) medical oxygen generation plants inside public health facilities across the country. This will be done in order to boost the availability of oxygen in hospitals that are dealing with the worsening COVID-19 situation.

Liquid oxygen reserved for medical use only; no supply to industries: MHA tells states

Ministry of Home Affairs has ordered states and union territories to reserve the national supply of liquid oxygen, including the existing stock, exclusively for medical purposes. In a statement on Sunday, the ministry said that all liquid oxygen manufacturing units shall be allowed to maximise their capacity and supply the crucial commodity to the government for medical use.

US to send India Covishield raw material, medical supplies 'immediately'

The country's long request has finally been addressed following a huge outrage over the US wavering on providing vital supplies to India when the country is facing an unprecedented spike in COVID-19 cases. The United States has said it will "immediately" provide the raw material required to ramp up production of the Covishield coronavirus vaccine by the Serum Institute of India (SII). The raw material for the vaccine, along with other medical supplies and protective gear, will be sent to India on an urgent basis.

COVID-19 crisis: Germany to send oxygen, medical aid to India

Germany will send oxygen and medical aid to India in the coming days to help it tackle its Covid-19 crisis, Foreign Minister Heiko Maas said. German Chancellor Angela Merkel on Sunday expressed her "sympathy over the terrible suffering" that the pandemic had brought to India. "Germany stands in solidarity with India and is urgently preparing a mission of support," Merkel said in a statement.

Tata-Mistry row: Shapoorji Pallonji Group files review petition against SC verdict

Shapoorji Pallonji Group has reportedly filed a review petition in Supreme Court against its March 26 verdict in the dispute between Tata Sons and Cyrus Mistry. The development is yet to be confirmed by either party. On March 26, the apex court had set aside the NCLAT order from December 2019 asking the Tata conglomerate to reinstate Cyrus Mistry as the executive chairman of the company.

Air India to ferry 600 oxygen concentrators from US in 2 days

Air India will bring around 600 oxygen concentrators on its two US-India flights in the next two days, aviation industry sources said on Sunday. These oxygen concentrators have been ordered by private entities, the sources mentioned. Various hospitals across the country continue to grapple with a severe shortage of medical oxygen on Sunday even after receiving emergency supplies.

States' COVID restrictions could hit exports: EEPC

Engineering exporters body EEPC on Sunday said imposition of restrictions by states to contain rising coronavirus cases could affect the exports and the worst impacted would be MSMEs. The Engineering Export Promotion Council (EEPC) said while recovery in the last few months of the fiscal year offers a ray of hope for the sector, the rising number of COVID-19 cases poses a downward risk.

Tata-Mistry row: Shapoorji Pallonji Group files review petition against SC verdict

Apr 25, 2021

On March 26, the apex court had set aside the NCLAT order from December 2019 asking the Tata conglomerate to reinstate Cyrus Mistry as the executive chairman of the company

HPCL Shapoorji Energy Pvt Ltd (HSEPL) is an associate unlisted company of HPCL and a 50:50 JV with SP Ports Pvt. Ltd, which is a unit of Shapoorji Pallonji Group | Representational image

HPCL to acquire SP Group's stake in Gujarat LNG terminal JV

Mar 29, 2021

HPCL, in a regulatory filing on Sunday, March 28 further stated that the acquisition is likely to be concluded by March 31, 2021, and doesn't require regulatory approval

Tata-Mistry feud: SC in favour of Tata Sons

Win for Tata; no comeback for Mistry

Mar 26, 2021

Tata-Mistry case: Since Chandrasekaran took over as chairman on February 21, 2017, Tata Group has been trying to resolve pending issues in group companies and pivot their businesses by leveraging technologies, including Artificial Intelligence (AI), data analytics and cloud computing

Supreme Court allows Tata Sons' appeals

Big win for Tata Sons: Supreme Court upholds Cyrus Mistry's removal

Mar 26, 2021

A bench headed by Chief Justice SA Bobde and Justices AS Bopanna and V Ramasubramanian ruled on the matter. The Supreme Court had reserved its order on December 17 after hearing both the parties

SP Group is holding discussions with SSG Capital and other institutions to raise funds until its one-time restructuring (OTR) application gets approval

Shapoorji Pallonji Group holds talks to raise Rs 4,000 crore from SSG Capital, others

Mar 16, 2021

The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application

Cyrus Mistry and Shapoor Mistry

Debt Challenge

Feb 18, 2021

Why Shapoorji Pallonji Group, with exposure to worst-hit sectors such as construction, real estate and infrastructure, is exploring options to deleverage

Representative Image

Tata-Mistry battle: Supreme Court to hear Cyrus Mistry's plea for Tata Sons board position

May 29, 2020

The apex court's final order in the matter will be important as the dispute has now boiled down to two key issues --a board position for the minority shareholder Shapoorji Pallonji group and turning back Tata Sons into a public limited company from private