India’s Power Finance Turns Down $2.4 Billion Debt to Shapoorji
4 days ago · November 9, 2024 at 1:07 AM PST. Translate. India’s state-run Power Finance Corporation Ltd has decided against extending a loan to Shapoorji Pallonji Group, a top official said, throwing into ...
Power Finance Corporation turns down $2.4 bn debt to Shapoorji Pallonji ...
4 days ago · Shapoorji Pallonji Group India’s state-run Power Finance Corporation Ltd has decided against extending a loan to Shapoorji Pallonji Group, a top official said, throwing into doubt the infrastructure conglomerate’s plans to refinance debt worth around 200 billion rupees ($2.4 billion). “We have decided not to go ahead with sanctioning of the loan of Shapoorji Pallonji,” Chairman and ...
Shapoorji Group in talks for Rs 8,000 crore raise via bonds
2 days ago · Mumbai: Shapoorji Pallonji Group has revived talks with private credit funds and global lenders led by Deutsche Bank to raise about ₹8,000 crore ($948 million) in bonds, whose exact nature would be finalised later. The latest funding round will help the group meet immediate debt obligations and reduce its overall financing costs that average north of 20% for several series of outstanding bonds.
Power Finance Corp not to sanction $2.4 bn debt to Shapoorji Pallonji ...
4 days ago · By Saikat Das India’s state-run Power Finance Corporation Ltd has decided against extending a loan to Shapoorji Pallonji Group, a top official said, throwing into doubt the infrastructure conglomerate’s plans to refinance debt worth around Rs 20,251 crore ($2.4 billion).
Power Finance Corporation turns down $2.4 bn debt to Shapoorji Pallonji ...
4 days ago · India's state-run Power Finance Corporation Ltd has decided not to provide a loan of around $2.4 billion to Shapoorji Pallonji Group. The decision throws the infrastructure conglomerate’s plans to refinance debt into doubt. Power Finance, after conducting due diligence, found the sector new for the government-backed lender to fund.
Shapoorji Pallonji likely to pay bondholders by October-end; …
Oct 16, 2024 · The Shapoorji Pallonji (SP) group is expected to make a Rs 1,800 crore interest payment to its bondholders by the end of October following the closure of the Gopalpur port stake sale and the...
Noel Tata's new role may end feud with Shapoorji Pallonji Group; …
Oct 15, 2024 · The appointment of Noel Tata as the new chairman of Tata Trusts could reduce the longstanding tensions between Tata Sons and the Shapoorji Pallonji Group. The development might also open the door for the latter to explore a partial monetisation of its 18.4 per cent stake in Tata Sons, provided mutually agreeable terms can be reached.
Shapoorji Pallonji Press Releases - Latest News and Updates
Jan 9, 2024 · Stay updated with the latest news and developments from Shapoorji Pallonji. Explore our press release page for the most recent announcements, projects, and achievements.
Shapoorji Pallonji Group's Afcons Infra IPO receives 10 pc …
Oct 28, 2024 · NEW DELHI: The initial public offer of Shapoorji Pallonji Group's flagship infrastructure engineering and construction firm Afcons Infrastructure Ltd received 10 per cent subscription on the first day of subscription on Friday. The initial share sale received bids for 85,94,016 shares against 8,66,19,950 shares on offer, as per NSE data. The portion for Retail Individual Investors (RIIs ...
Shapoorji Pallonji Group's Afcons Infra IPO opens today: Should …
Oct 25, 2024 · Afcons Infrastructure IPO: The initial public offering (IPO) of Shapoorji Pallonji Group's flagship company, Afcons Infrastructure, opens for public subscription today. Afcons Infrastructure's IPO is a book-built issue of Rs 5,430 crore, comprising a fresh issue of 26,997,840 shares, and an offer for sale by promoter Goswami Infratech ...