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Pallonji Mistry Death News LIVE: Pallonji Mistry, head of the Shapoorji Pallonji group, dies at 93

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Pallonji Mistry Death LIVE Updates: Shapoorji Pallonji Group’s head Pallonji Mistry died at his residence here, company officials said on Tuesday. Mistry, the largest individual shareholder in the Tata Group with a 18.4 per cent holding in the conglomerate, was 93. He died mid-sleep at his south Mumbai residence on the intervening night of Monday and Tuesday, the officials said.
Mistry and his family control the Shapoorji Pallonji Group, which started more than 150 years ago and today employs more than 50,000 people in over 50 countries, according to its website. Its landmark projects include the Reserve Bank of India and the Oberoi Hotel in Mumbai and the blue-and-gold Al Alam palace for the Sultan of Oman.
Mistry accumulated a net worth of almost $29 billion, according to the Bloomberg Billionaires Index, making him one of the richest men in India and in Europe. He surrendered his Indian nationality and became an Irish citizen in 2003 through his long marriage to Dublin-born Patsy Perin Dubash. Most of the family wealth, however, derived from being the largest minority shareholder — 18.5% as of early 2022 — in Mumbai-based Tata Sons Pvt., the main investment holding company for India’s largest conglomerate.

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Update: Four-storey building collapse in Kurla, Mumbai

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