Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall

admin — Fri, 18 Sep 2026 05:36:00 +0000

Shares of most Tata Group stocks fell on Friday, reversing some of the gains made on Thursday. Image for representation
| Photo Credit: Reuters

Shapoorji Pallonji Group, the second-largest ‌shareholder in Tata ⁠Sons, on Friday (September 18, 2026) backed a potential ‌listing of the ‌holding ‌company ⁠of the sprawling Tata conglomerate, signalling support for ‌a move that could reshape the ownership ‌of the ⁠group.

“Look forward to ‌working closely and constructively with Tata Sons towards ‌listing,” the group said in a ⁠statement.

The statement comes a day after Tata Trusts on Thursday (September 17) said that the Shapoorji Pallonji (SP) Group‌ had proposed monetising a portion of its stake in the holding company.

The SP Group proposed selling a portion of its stake in the holding company, Tata Sons, for at least ₹25,000 crore.

Stocks fall

Shares of most Tata Group stocks fell on Friday, reversing some of the gains made on Thursday, after Tata Sons reappointed N. Chandrasekaran as chairman ‌for another five years and decided to consider a public listing. Tata Trusts has termed Mr. Chandrasekaran’s appointment “illegal”.

As of 9:40 a.m. IST, Tata ‌Chemicals tumbled as much as ‌7.8%, ⁠while Tata Investment ⁠Corporation fell 3.9%. Tata Motors Passenger Vehicles dropped 2.6% and Tata Power lost 1.4%.

Shares of Tata ‌Steel were down 0.15%, Tata Motors fell 0.48% and Tata Elxsi slipped 1.09%, while Tata ‌Capital rose 1.1%.

Published – September 18, 2026 11:00 am IST

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Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules

admin — Mon, 04 Sep 2023 08:40:49 +0000

Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company (File)

New Delhi:

Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms.

In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the stock exchange for converting non-convertible debentures (NCDs) into a term loan way back in March 2021.

Also, it failed to submit auditor’s certificate on utilization of funds, half yearly certificate on maintenance of asset cover and annual report to the debenture trustee, the Securities and Exchange Board of India (Sebi) said in its 64-page order passed on Thursday.

Additionally, the company had not updated certain information on its website as required under the Listing Obligations and Disclosure Requirements (LODR) Regulations.

Those details are pertaining to notice of meeting of the board of directors where financial results would be discussed; financial results; complete copy of the annual report after FY 2019-20; information, report, notices, call letters, circulars, proceedings, concerning NCRPS or NCDs; and all information and reports including compliance reports filed by the listed entity.

By not making such disclosures, the company violated the provisions of LODR rules and accordingly, Sebi imposed a “penalty of Rs 7 lakh on the noticee viz. Shapoorji Pallonji and Company Pvt. Ltd”.

The regulator received a letter from Shapoorji Pallonji and Company in July 2021 informing Sebi that it had converted its listed NCDs to term loan on March 31, 2021 in accordance with a One Time Resolution (OTR) plan executed between the company and its lenders.

Following this, an examination was carried out by Sebi in order to examine the compliance status of LODR rules by the company.

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Shapoorji Pallonji Group – Artifex.News

Shapoorji Pallonji Group backs Tata Sons listing; Tata Group stocks fall

Stocks fall

Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules