The Shapoorji Pallonji (SP) group will have to look at alternate ways to raise funds—selling its stake in listed subsidiary Sterling and Wilson, offering land parcels across India, or restructuring debt at the project level are among its options--after the Tatas upset its plans to Tata Sons shares.
The SP group defaulted on a Rs 500-crore loan taken from its listed subsidiary, Sterling & Wilson, in June and may go for a debt recast as it meets all criteria as per the recommendations made by the K V Kamath committee last week. The group is working on alternative after the ...
TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST Rs
Key stories on business-standard.com are available to premium subscribers only.
Already a premium subscriber? LOGIN NOW
Copyrights © 2020 Business Standard Private Ltd. All rights reserved.
