The Shapoorji Pallonji Group, one of India’s oldest business conglomerates, is undertaking a major restructuring by creating two holding companies to house its diverse businesses, ranging from real estate and construction to oil and gas, to be overseen by children of brothers Shapoor and Cyrus Mistry, according to two people aware of the development.
As part of the reorganization, Shapoorji Pallonji Co. Pvt. Ltd will cease to operate as the holding and operating entity for group companies. The mantle of the holding company will go to S.P. Finance Pvt. Ltd and S.C. Finance Pvt. Ltd, each of which will own a sizable 47.69% stake in Shapoorji Pallonji Co. Pvt. Ltd, the people said, requesting anonymity.
Both S.P. Finance and S.C. Finance will be overseen by an advisory board with four family members, including Shapoor and his son, Pallon, and late Cyrus Mistry’s two children, Firoz and Zahan.
هذه القصة مأخوذة من طبعة March 20, 2023 من Mint Mumbai.
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هذه القصة مأخوذة من طبعة March 20, 2023 من Mint Mumbai.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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