Page 8 - Shapoorji Pallonji Group

Mistry family in talks with investors to raise Rs 4K cr, aims to cut debt

Funds being raised via debt, sale of part stake in Sterling and Wilson Solar

Central Vista project: 7 companies submit pre-qualification bids

The CPWD, a prime construction agency of the central government, said the new building will be constructed at plot number 118 of the Parliament House Estate

Tata Sons a 2-group firm, quasi-partnership between 2 groups: Mistry family

In its petition to the Supreme Court, Tata Sons has claimed there is no formal or informal agreement like quasi-partnership exists between the two groups, and Tata Sons is not a two-group company.

Shapoorji Pallonji among 4 finalists for 535-acre theme park, UK's largest

EPC cost pegged at $1.8 billion; first phase to be launched in 2024

Hail the verdict and appeal against it!

Cyrus Mistry's reinstatement as chairman and director of the Tata companies for the rest of his tenure was symbolic at best as he hardly had any significant tenure left

KKR to buy Shapoorji Pallonji Group's solar assets for Rs 1,554 crore

The deal is part of KKR's strategy to increase its presence in Asia's infrastructure sector and today's transaction is the firm's second investment in the country as part of its dedicated plan

Shapoorji Pallonji averts crisis, pays Rs 3,000 cr dues to lenders

The dues were paid without pledging the group's 18.5 per cent stake in Tata Sons, said a source close to the development.

Mistry group seeks to raise up to $1 billion pledging Tata Sons stake

Mistry, whose son Cyrus was ousted as chairman of Tata Sons in 2016, is the biggest single shareholder in India's largest conglomerate

Piramal Realty to foray into development management biz, value housing

Under development management, a developer takes care of the design, construction, marketing, and sales of a project for a fee from the original landowner/developer

Facing liquidity issues, big realtors eye new development management models

Godrej signed a similar deal with a Bengaluru-based developer recently. In the new version of DM, Godrej may or may not charge a fee, as it's a 50 per cent partner in the project

Sterling & Wilson up 5% on partial loan repayment by SP Group, pares later

In December 2019, the company said the unforeseeable and lesser-than-expected realisation from the IPO led to significant and rapid deterioration in the credit markets, resulting in a liquidity crisis

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