Page 6 - Shapoorji Pallonji Group

Shapoorji offloads Rs 397-cr TCS shares to strengthen its balance sheet

The group is reportedly looking to sell stake in Eureka Forbes to shore up liquidity.

SP Group banks on residential properties for growth, to launch new projects

Shapoorji's new launches are coming up mostly in Mumbai, Pune, Kolkata, and Mohali. The launches are in premium, luxury, and mid-income projects

ICRA downgrades Shapoorji Pallonji & Co's ratings from "AA-" to "A+"

Ratings have been removed from watch with developing implications and 'Negative' outlook assigned

Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more

From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard bring you the top business headlines for the day

Going after working capital: SP Group firms' among most leveraged in India

The conglomerate had gross debt to equity ratio of 2.4x on an average during the year ended March this year, as against 0.82x on an average for top-listed companies, excluding financials and oil

Shapoorji Pallonji may sell Forbes stake to pay back Sterling Wilson

Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & Company to pay back the inter-company loans the group had taken from the solar company, sources said.

Shapoorji Pallonji group subsidiary announces plan to list Eureka Forbes

Forbes & Company, a Shapoorji Pallonji group firm on Tuesday announced plans to list its subsidiary Eureka Forbes to unlock value for shareholders. The company's board has authorised the management to evaluate any such scheme in this regard, Forbes & Company said in a regulatory filing. "The Board of Directors of the company has authorised the management...to evaluate a scheme of arrangement and/or other appropriate mechanisms to enable an eventual listing of Eureka Forbes with an intention to unlock value in the hands of all the shareholders of the company," it said. These may also include listing, dilution/sale or combination thereof of Eureka Forbes, it added. Eureka Forbes is a wholly-owned subsidiary of Forbes & Company. "The Board will consider the above (schemes) when the relevant proposals are placed before it in the near future, but in principle has approved supporting the endeavours of the management in this regard," it said. It operates in water purifier, air ...

Shapoorji Pallonji in talks with partners to augment MIG housing platform

Shapoorji Pallonji Real Estate is developing projects in Mumbai, Thane and Bengaluru

Shapoorji eyes tie-up with IFC, HDFC Capital Advisors for low-cost housing

Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities

NCLAT to hear Shapoorji Pallonji's plea on Korba West Power on Oct 15

The Ahmedabad bench of NCLT had in June approved a resolution plan for Korba West Power which gave Shapoorji Pallonji which had constructed the Korba West Power plant, 'nil' amount

Mistry plans to sell road, solar power plant assets to cut Rs 4000-cr debt

Tycoon Mistry Plans Asset Sales to Cut $558 Million Debt

Shapoorji Pallonji Group gears up for Sterling & Wilson Solar IPO

The $7-billion conglomerate, best-known for real estate and infrastructure, has growing global solar aspirations

Shapoorji Pallonji Group provides relief to Puri cyclone victims

The Group's executives visited the gram panchayats of Gandamunda Bhoi and Bila Bhoi under Puri Sadar block and distributed relief materials among the affected families

Shapoorji, ADIA tie up for $1.2-billion fund to invest in logistics centres

The partners will raise the fund in two tranches of $600 million each

Shapoorji Pallonji to invest Rs 3000 cr more on Gopalpur port expansion

The port was dedicated to the nation by chief minister Naveen Patnaik Thursday

Shapoorji Pallonji to hike Gopalpur port capacity to 55 mn tonnes by 2025

Strategically located between Paradip port in the north and Vizag port in the south, Gopalpur is expected to create a strategic shift in cargo movement pattern on the east coast

Shapoorji Pallonji divesting more assets to pare debt after downgrades

154-year-old Shapoorji Pallonji group is in process of divesting more assets

Shapoorji in talks with investors to raise $250 mn for housing platform

Shapoorji has launched housing projects at Virar near Mumbai, Howrah near Kolkata and Hinjewadi in Pune

Tata snapping all business ties won't impact us: Shapoorji Pallonji Group

SP Group is a $5-bn conglomerate with businesses across 40 countries

Shapoorji Pallonji Group to invest Rs 2,000 crore in Odisha's Gopalpur port

The port has one multi purpose berth with a capacity to handle 3.5 mtpa of bulk cargo