News > Shapoorji Pallonji and Co exits from Eureka Forbes

Shapoorji Pallonji and Co exits from Eureka Forbes

Construction major, Shapoorji Pallonji and Company has exited from Eureka Forbes after selling its remaining 8.7 per cent stake to the new owner Lunolux, a firm backed by private equity firm, Advent International.

Lunolux acquired 1.68 crore equity shares of Eureka Forbes, constituting 8.7 per cent of the equity share capital of Eureka Forbes from Shapoorji Pallonji and Company on July 12, 2022, said a regulatory update by the manufacturer of the vacuum cleaner and water purifier.