Shapoorji Pallonji Group

Goswami Infratech has asked investors to extend the maturity of the high-yield notes to June 30 from April 30

Shapoorji Pallonji Group seeks to delay ₹14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake

SP Group Chairman Shapoorji Pallonji Mistry on Friday again pressed for listing of Tata Sons, saying it is not merely a regulatory compliance but a necessary evolution in the public interest, reposing faith in the government and RBI to "act decisively" on the matter. In a statement, Mistry said the SP Group has "full faith in the government of India and the Reserve Bank of India to act decisively" on the matter of listing of Tata Sons -- the holding company of the coffee-to-cars-and-software conglomerate. So far, no clear evidence-based case has been presented to explain how a public listing would materially damage the interests of the Tata Trusts or reduce their ability to serve beneficiaries, he added. Mistry's comment comes amid reports that two of the trustees of Tata Trusts, Venu Srinivasan and Vijay Singh, have favoured public listing of Tata Sons. On the other hand, Tata Trust Chairman Noel Tata is against the move. "As I have stated earlier, we would like to reiterate that

Its financing arm, Porteast Investment, will temporarily raise its loan-to-value limit to 40 per cent from 34 per cent for four months through July 15

Goswami Infratech, the SP Group's real estate and civil engineering company, is planning to raise as much as ₹25,000 crore ($2.77 billion) through a two-year zero-coupon bond issue

The real estate and civil engineering company is preparing to raise around ₹25,000 crore ($2.84 billion) through a two-year zero-coupon bond issue

If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions

After more than 13 years as Afcons Chairman, Shapoorji Mistry steps down to become Chairman Emeritus while his son Pallon Mistry joins the board, marking a generational transition

Shapoorji Pallonji may use funds from a possible Tata Sons stake sale to repay ₹8,810 crore debt, while also pushing ahead with new premium real estate developments

VANAHA Verdant spans 10 lakh sq ft and is close to major IT hubs and key infrastructure, says company

Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of Rs 800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project 'VANAHA Verdant', comprising about 600 apartments. "Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about Rs 800 crore," SPRE said in a statement on Wednesday. The company did not disclose the project cost. This upcoming project is part of its flagship 1,000-acre integrated township, VANAHA, near Bavdhan, Pune. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, said, "With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today's homebuyers value most: balance, access, and long-term value.

Cerberus, which has $65 billion under management globally, was among the anchor investors in Shapoorji Pallonji Group's $3.4 billion financing, the country's largest private credit deal to date

The capital was arranged by KKR Capital Markets and is being anchored by the firm's private credit and insurance platforms

The $3.35 billion financing was raised via 3-year NCDs at a 19.75 per cent annual yield, up from last year's 18.75 per cent when Goswami Infratech raised $1.7 billion in debt

Health and hygiene products maker Eureka Forbes Ltd on Friday reported a twofold increase in its consolidated net profit to Rs 49.48 crore in the March quarter of 2024-25. The company had posted a net profit of Rs 21.38 crore in the January-March quarter a year ago, according to a regulatory filing by the firm now controlled by private equity firm Advent International. Its revenue from operations was up 10.67 per cent to Rs 612.65 crore during the quarter under review. It was at Rs 553.56 crore in the corresponding quarter. Eureka Forbes' total expenses increased 7 per cent to Rs 551.75 crore in the March quarter. Total income, which includes other income, was up 11 at Rs 617.04 crore in the quarter. Commenting on the results, the company's MD and CEO Pratik Pota said: "In Q4, continuing business revenue grew by 10.9% YoY, and this was the sixth successive quarter of double-digit growth. Led by operating leverage, EBITDA margins touched 13 per cent for the first time." The momentu

Shapoorji Pallonji Real Estate, Kreeva, and ASK Property Fund launch The Dualis in Sector 46, Gurugram with 198 high-end units and a revenue target of ₹1,400 crore

Talks are for the three year, zero coupon rupee bond to carry an annual yield of 19.75%, and the loan to value ratio is 16%

The Indian company was the only one to bid on chartering a production storage and offloading vessel, known as an FPSO, for Petrobras' Barracuda and Caratinga fields

A delegation for the offshore infrastructure company was in Rio de Janeiro and the capital Brasilia last week as it seeks to reverse Petrobras' decision

Altogether, the investors may bid for 50%-75% of the issue, the sources added, requesting anonymity as they are not authorised to speak to the media