Pallonji Shapoorji Mistry, a multibillionaire industrialist and realtor who served as Chairman Emeritus of the illustrious Shapoorji Pallonji Group, passed away late last night at his residence.

Pallonji Mistry, chairman of Shapoorji Pallonji Group dies at 93

In a big corporate development, Shapoorji Pallonji Group, the largest minority shareholder in Tata sons and the holding family of Tata Sons former chairman Cyrus Mistry will exit from Indian salt-to-software conglomerate, after a relationship spanning 70 years turned sour due to Tata-Mistry fight in the last few years.

‘Time to separate’: Cyrus Mistry's family to exit Tata sons

Shapoorji, the largest single shareholder of Tata Sons, said it will make a statement when it becomes necessary

No decision yet on legal recourse to Mistry ouster: Shapoorji group