The sudden death of Cyrus Mistry, the Shapoorji Pallonji Group’s scion, has given the Group a double blow.
Mistry’s father, Pallonji Mistry, had died on June 28. And now Cyrus Mistry’s untimely demise has brought the focus back on the 157-year-old multi-billion dollar group.
Investors are worried about the Group’s succession plan, as they remain unsure if either of Mistry’s two sons – Firoz and Zahan – is ready to take charge.
DEVEN CHOKSEY, MANAGING DIRECTOR, KR CHOKSEY INVESTMENT MANAGERS says SP Group companies are professionally run. Investors need to track the next mentor. Cyrus Mistry is survived by two sons; unsure if they’re ready to take charge. Succession plan is slightly unclear.
