Shapoorji Pallonji

Explained: Why Tata Sons is facing mounting pressure to go public

Until now, Tata Sons has remained unlisted, but there is now pressure to list from ​internal stakeholders, including its second largest shareholder, the Shapoorji Paloonji (SP) Group

Shapoorji Pallonji in talks with Cerberus, Farallon for $1.5 billion bond

The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, is proposing to offer 18.75 per cent yield on the zero-coupon bonds of its unit Goswami Infratech Pvt

BlackRock likely to invest in Shapoorji Pallonji unit dollar debt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

SP Group unit receives debt downgrade ahead of $3 billion refinancing

The ‌real estate and civil engineering firm's non-convertible debentures were downgraded to B+, from BB-, CareEdge said on Wednesday

Shapoorji Pallonji Group seeks to delay paying $1.5 billion of debt

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

Shapoorji Pallonji group gets relief on $3.4 billion private credit

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

India's realty moves to the core of conglomerates' business strategy

Diversification aligns with urbanisation, infra expansion, long-term capital deployment

Shapoorji Pallonji enters plotted development with ₹600 cr project in Pune

Shapoorji Pallonji Real Estate has launched Treetopia, a 105-acre plotted development in Pune with 483 residential plots and an estimated revenue potential of Rs 600 crore

SP Group unit eyes January-end completion for 2-year mega bond sale

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

Shapoorji Pallonji Real Estate to build ₹800 cr residential project in Pune

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

Shapoorji Pallonji aims ₹800 cr revenue from new housing project in Pune

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.

Shapoorji Pallonji group inks record $3.4 billion private credit deal

The three-year, zero-coupon rupee bond has an annual yield of 19.75 per cent. Proceeds will primarily be used to refinance existing debt

Eureka Forbes Q4 results: Profit doubles to Rs 49.5 cr, revenue up 10.6%

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 launches over Rs 1,400 crore luxury project in Gurugram

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

Petrobras to finish analysis of Shapoorji's FPSO appeal in India this week

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

Shapoorji Pallonji Energy appeals to Brazil on Petrobras-cancelled tender

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

Shapoorji Pallonji gets over $4 bn in investor commitments for debt sale

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

Shapoorji Group in talks with credit funds for record $3.3 bn pvt debt deal

The new deal would deepen India's private credit industry, which is expanding as Prime Minister Narendra Modi's infrastructure push drives demand for middle-market funding

World's Richest Families 2024: Waltons top with $432.4 bn, Ambanis at no. 8

World's Richest Families 2024: The Walmart Waltons top the list with $406.5 billion; India's Ambanis and Mistrys of Shapoorji Pallonji rank 8th and 23rd. Here is the top five list

Power Finance Corp not to sanction $2.4 bn debt to Shapoorji Pallonji Group

The group, controlled by Indian billionaire Shapoor Mistry, had earlier reached out to Power Finance for the loan