PFC not to take exposure in Shapoorji Pallonji Group: CMD Chopra
17 hours ago · The board of PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing "high-end exposure", PFC CMD Parminder Chopra said. The Power Finance Corporation (PFC) chairman and managing director (CMD) Parminder Chopra made the remarks in a post earnings call. "The Board in its wisdom has decided that since it's ...
India’s Power Finance Turns Down $2.4 Billion Debt to Shapoorji
5 days ago · 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 ...
Power Finance Corporation turns down $2.4 bn debt to Shapoorji Pallonji ...
5 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 ...
Power Finance Corporation turns down $2.4 bn debt to Shapoorji Pallonji ...
5 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 Group in talks for Rs 8,000 crore raise via bonds
3 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 ...
5 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).
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...
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 seeks $1.2 billion loan from Power …
May 6, 2024 · Shapoorji Pallonji (SP) Group has initiated discussions with Power Finance Corporation (PFC) to secure up to $1.2 billion for refinancing a portion of the Rs 20,000 crore debt set to mature in the final week of May, Moneycontrol reported, citing sources.
Shapoorji Pallonji Group builds a house for $6 bn realty assets; …
Aug 20, 2024 · The Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its expansive real estate holdings spread across India’s key cities, and plans to monetise the assets by taking it public soon, said a top executive.