Corporate News
Tata Motors’ PV business turnaround impresses Shapoorji Pallonji Group

Shapoorji Pallonji Group, which is involved in a legal battle with the Tata group, chose a more conciliatory approach at the Tata Sons virtual annual general meeting (AGM) on Tuesday as shareholders approved ?40,000-crore fundraise via bonds and non-convertible debentures. SP Group, which holds an 18.4% stake in Tata Sons through Cyrus Investments and Sterling Investment Corporation, appreciated the performance in some Tata companies, particularly the turnaround of passenger vehicle business in Tata Motors under Shailesh Chandra, at the AGM, people aware of the development said.

News Source:- https://economictimes.indiatimes.com/industry/auto/auto-news/tata-motors-pv-business-turnaround-impresses-shapoorji-pallonji-group/articleshow/86213412.cms?utm_source=ETTopNews&utm_medium=HP&utm_campaign=TN&utm_content=23