Afcons Infrastructure News Today

The best-ever placement performance this year has added to the joy among parents and students of the institute.

Zahan and Firoz Mistry, Cyrus Mistry's sons have topped the list of Forbes Richest Billionaires under 30 list. Check out their net worth

India News: Forbes has reported that Firoz and Zahan, the sons of Cyrus Mistry, have emerged as the wealthiest billionaires under 30. According to the latest Forb

Together, Zahan and Firoz Mistry command a fortune of $9.8 billion, with them inheriting $4.9 billion each.

Zahan Mistry and Firoz Mistry have a combined wealth of $9.8 billion, with each holding $4.9 billion, Forbes List: Meet Cyrus Mistry's Billionaires Sons, The Richest Under 30; They Have Net Worth Of...

The global landscape of billionaires is continuously evolving, especially in the realm of youth. According to the latest Forbes Billionaires List for 2024, the top 25 youngest billionaires worldwide are all aged 33 or younger, collectively amassing a staggering wealth of $110 billion. However, within this elite cohort, it's noteworthy that a significant portion of these fortunes is inherited rather than self-made.

Firoz and Zahan Mistry, sons of Cyrus Mistry, inherited a portion of the familys 18.4% stake in Tata Sons, propelling them into the elite circle of young billionaires.

The growing investor appetite for quality stocks is driving India’s large conglomerates to list group companies after a long break

As of December 2023, Goswami Infratech Pvt Ltd holds a 72.35% stake, while Shapoorji Pallonji and Company owns a 16.64% stake in Afcons Infrastructure Ltd.

Proceeds worth Rs 150 crore from the issue will be used for capital expenditure, Rs 350 crore will be used to fund long-term working capital requirement