Shapoorji Pallonji proposes to sell 47,33,515 shares or 2.5% stake, and Daruvala will offer 20,28,649 shares or 1.1% in the company

SPCPL has agreed to divest its Sterling and Wilson Solar stake under a one-time restructuring plan. “The company could sell its entire stak...

Prior to the stake sale, ICICI Lombard held 2.5 per cent stake in the company, as per the December shareholding data.

Thirteen of the 15 debutants beat Sensex’s 15 per cent return for the year.

ICRA has also taken note of the recent developments in SWSL.

On Monday, more than 2 million shares were on offer to be sold, but there were no buyers.

Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore.

The stock hit a low of Rs 691 and a high of 755.50 during the day.

Overall, the issue was subscribed 92 per cent, including anchor investors.

The portion reserved for qualified institutional buyers was subscribed 0.20 times.

The company on Monday said it has raised Rs 1,406 crore from 27 anchor investors.

A portion of the net offer proceeds will be used towards funding full repayment of the loans.

The IPO will be an OFS by the Chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji and Company.

The IPO will be an offer for sale by chairman Khurshed Yazdi Daruvala and Shapoorji Pallonji Co.

The families’ association dates back to 1927, when Meherwan Daruwala founded Wilson Electric Works, a small contractor in Meadows Street, M...

Fair trade regulator CCI has given its approval to Shapoorji Pallonji & Company Ltd and Khurshed Yazdi Daruvala to buy additional 11.38 per...

Sterling & Wilson, which recently started the solar division, has completed 22 projects so far, including the one to set up a 25-MW solar p...