Shapoorji Pallonji Group

The transaction is being structured as a zero-coupon non-convertible debenture (NCD) with a tenure of three years and an expected yield of 18.5–19 percent

Shapoorji Pallonji Group nears record $3.4 billion private credit deal

Talks are for the three year, zero coupon rupee bond to carry an annual yield of 19.75%, and the loan to value ratio is 16%, the people said. Funds will be disbursed a few days after the deal is signed, they added, and the timing of the signing could change.

Former SoftBank exec Rajeev Misra's OneIM in advanced talks for mega investments in Shapoorji Pallonji Group: Report

The proceeds from this $3.3 billion deal will be mainly used for refinancing current debt that was raised against the Shapoorji Group’s 18.2% ownership of Tata Sons shares.

Tata Trusts continues to oppose SP Group's plan to transfer Tata Sons pledged shares for loan refinancing: Report

Tata Trusts' continued opposition to the transfer of Tata Sons' pledged shares may pose a significant challenge to the Shapoorji Pallonji Group’s efforts to refinance its loans.

Shapoorji Pallonji Group sets up real estate holding firm, plans go to take it public: Report

Shapoorji Pallonji Real Estate plans to raise around $800-900 million in the first phase through an initial public offering

Shapoorji Pallonji Group says offering PFC 6x collateral for the loan

The PFC board had in June approved a Rs 15,000-crore loan to the group

Power Finance board approves Rs 15,000 crore loan to Shapoorji Pallonji group: Report

PFC board's approval of the Rs 15,000 crore loan to Shapoorji Pallonji Group will help the Mistry family in repaying promoter debts and expand the real estate business, using Tata Sons shares as collateral.

Shapoorji Pallonji Group firm Afcons Infra files draft papers to raise Rs 7,000 crore via IPO

Proceeds worth Rs 150 crore from the issue will be used for capital expenditure, Rs 350 crore will be used to fund long-term working capital requirement

Shapoorji Pallonji Group seeks to raise up to Rs 20,000 cr from lenders: Report

The group has reached out to Power Finance for up to Rs 15,000 crore, the largest chunk in the planned fundraising, the report said

Rajeev Misra’s new fund marks first close at $7 billion, invests in SP Group through debt

Last week, Shapoorji Pallonji raised Rs 14,300 or close to $2 billion from private credit investors and high networth individuals, pledging its Tata Sons shares at collateral

SP Group-backed Afcons taps 5 i-banks for up to Rs 8,000-crore IPO

Sterling and Wilson Solar was the last company from the Shapoorji Pallonji Group to make a debut on the domestic bourses back in August 2019.

Shapoorji Pallonji Group weighs $2 billion asset sales

The company, controlled by billionaire Shapoor Mistry, is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company, sources told Bloomberg.

Shapoorji Pallonji Group's listed-arm Forbes & Co announces demerger of precision tools business

As per the scheme of arrangement approved by the company's board of directors, a new entity - Forbes Precision Tools and Machine Parts Limited (FPTL) - will be carved out from Forbes & Co.

Shapoorji Pallonji group suffers 2nd personal loss this year

The nearly USD 30-billion diversified group, which owns 18.6 per cent in the USD 130-billion Tata Group, was founded by the late senior Pallonji Mistry (great-grandfather of Cyrus) in 1865 as Littlewood Pallonji & Co.

Actis sets up new platform to invest in gas-based power units in SE Asia, buys stake in Shapoorji Pallonji group’s unit

Actis’ new platform, called Bridgin Power, aims to build a portfolio of 1.2 gigawatts by 2028.

In Pics | A look at some iconic buildings by Shapoorji Pallonji Group

Chairman of Shapoorji Pallonji Group, Pallonji Mistry, the man behind iconic buildings in Mumbai and around, passed away on June 28 at the age of 93.

In Pics | All you need to know about the late tycoon Pallonji Shapoorji Mistry

Business tycoon Pallonji Shapoorji Mistry, chairman of Shapoorji Pallonji Group, passed away at 93 on June 28.

Billionaire chief of Shapoorji Pallonji Group, Pallonji Mistry passes away at 93

A company spokesperson confirmed the death of the Indian tycoon after social media posts on the news spread.

Race for Eureka Forbes heats up: Electrolux, Advent International and Warburg Pincus in the fray

Shapoorji Pallonji Group, the 150-year-old diversified conglomerate that owns Eureka Forbes, has interests in sectors ranging from construction and real estate to power and biotechnology. It is looking to ride the health, hygiene and home improvement wave on the back of Covid-19 .

Tata-Mistry case | Disappointed by the outcome of Supreme Court judgement: Cyrus Mistry

The former chairman of the Tata Sons wrote this letter days after Supreme Court on March 26 ruled in favour of Tata Sons.

AGEL acquires Spinel Energy & Infrastructure

New Delhi, Mar 27 Adani Green Energy has acquired 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peri..

Tata vs Mistry | I feel like in a T20 match, will try to bat like Hardik Pandya, Cyrus Mistry's counsel tells SC

On being allowed limited time to argue, lawyer Janak Dwarkadas told the bench headed by Chief Justice SA Bobde: 'I feel like I'm in a T20 match with 12 balls left and 40 runs to score. I will now try to bat like Hardik Pandya'.

Tata vs Mistry case | Supreme Court draws analogy between politics and corporate on issue of interference

The top court was hearing on the fifth day the cross appeals filed by Tata Sons and Cyrus Investments against appellate tribunal NCLAT's order which had restored Cyrus Mistry as the executive chairman of the over $100 billion salt-to-software Tata conglomerate.

Tata v/s Mistry: Tata Sons rejects SP Group’s offer of separation via pro rata in Supreme Court

Arguing for Tata Sons in the Supreme Court, Advocate Harish Salve said that the SP Group seeking restructuring is “akin to winding up of Tata Sons.”

Tata vs Mistry case | Steep rise in valuation of SP Group's stake shows company not 'mismanaged', Tatas tell SC

The differences over the valuation could prove detrimental to the cash-strapped SP Group, that has been locked in a legal battle with the Tatas since Cyrus Mistry’s unceremonious removal as Tata Group chairman in 2016.