Business tycoon Pallonji Mistry dies at 932 min read 28 Jun 2022, 08:49 AM IST
The Pallonji Mistry family owns 18.4% stake in Tata Sons, the holding company of the Tata group.
Shapoorji Pallonji group chairman and billionaire industrialist Pallonji Mistry passed away in Mumbai, company officials said. He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the officials said. He was 93. Mistry accumulated a net worth of almost $29 billion, according to the Bloomberg Billionaires Index, making him one of the richest in India. Most of the family wealth, was derived from being the largest minority shareholder in Tata Sons.
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