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Shapoorji Pallonji Group to tap banks to refinance ₹2,000-cr loanShapoorji Pallonji Group is shifting its debt refinancing plans. The group is now leaning towards mainstream banks for a ₹2,000 crore loan....- Shapoorji Pallonji denies considering stake sale in Sterling and Wilson Renewable Energy to manage debtShapoorji Pallonji & Company (SPCPL) denied considering selling its stake in Sterling and Wilson Renewable Energy (SWRE) to meet financial ...
- Torrent Power to supply 132 MW solar power to Shapoorji Pallonji Company arms in GujaratTorrent Power Ltd (TPL) has entered into an agreement with subsidiaries of Shapoorji Pallonji & Company Private Limited (SPCPL) for the sup...
- Afcons begins IPO talks with banksA strategic sale of Afcons, an engineering, procurement and construction (EPC) company, is also one of the options on the table for which M...
- Shapoorji Group flagship's ratings downgraded by IcraThe delay in securing the requisite working capital limits, which has impacted the engineering, procurement and construction (EPC) operatio...
- Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flowsThe move will help improve operating cash flows since investments in long-lead businesses like infrastructure and real estate create timing...
- Cyrus Mistry's sons join Shapoorji Pallonji Group, may get executive roles soonFiroz and Zahan will work for about 18 months in various group businesses and verticals before taking on executive roles, said the people c...
- Shapoorji Pallonji repays ₹12,450cr to lenders, exits debt recast"The SPCPL OTR has been India's largest OTR and possibly the first to get fully repaid within one year of implementation. The accelerated r...
- SPCPL repays Rs 12,450 crore to all its lenders to achieve an early OTR exitSPCPL’s OTR was unanimously implemented on 31st March 2021 by all Lenders of SPCPL. The resolution plan only sought a 2-year extension of t...
- Shapoorji Pallonji taps HDFC for Rs 4,000 crore loan to clear duesSPCPL will pledge shares of Sterling Investment Corporation with HDFC to raise the funds. Sterling Investment owns 9.19% shares in Tata Son...
- Shapoorji Pallonji in talks to raise up to $375 million via Dubai property saleShapoorji Pallonji International (SPINT) is the global arm of Shapoorji Pallonji Engineering & Construction (SP E&C) for its construction o...
- SWSL seeks shareholders' nod to issue equity shares to Reliance New Energy SolarSWSL, a Shapoorji Pallonji Group company, is a global pure-play, end-to-end solar engineering, procurement, construction (EPC) solutions pr...
- Promoters plan Sterling & Wilson solar stake saleSPCPL has agreed to divest its Sterling and Wilson Solar stake under a one-time restructuring plan. “The company could sell its entire stak...
- Shareholders approve controversial resolutions by Sterling and Wilson SolarA key and critical outcome of the AGM was the approval by the shareholders for the company’s RPTs, wherein the promoter shareholders were n...
- SP Group to recast Rs 10,900-cr debt under Covid-19 resolution framework"Shapoorji Pallonji Construction (SPCPL), the holding company of the 150-year-old Shapoorji Pallonji Group, wants to restructure Rs 10,900 ...
- British equity firm "Actis" & 12 others booked by EOW on charges of cheating & conspiracyThe FIR has been registered a day after a local Court directed the EOW to register an FIR against the British company and its associates.
- British equity firm Actis in hot water. Court directs Delhi Police to register FIRThe complainant, Subhash Chaudhuri, moved the court alleging that Actis conspired to gain control over the finances, ownership and manageme...
- Icra downgrades Shapoorji Pallonji rating, assigns negative outlookICRA has also taken note of the recent developments in SWSL.
- ICRA downgrades Shapoorji Pallonji by one notchThe long-term rating downgrade takes into account the muted sales and a sustained increase in input costs, which led to weak performance at...
- ETI Dynamics, Shapoorji Pallonji in pact for Rs 1,000 crore projects"The two organisations have agreed to collaborate in developing an initial portfolio of three projects already secured in the stated segmen...
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