PFC not to take exposure in Shapoorji Pallonji Group: PFC …
1 day ago · Power Finance Corporation (PFC) has decided against lending to Shapoorji Pallonji Group. The decision comes after PFC's board deemed the loan, reportedly worth USD 2.4 billion, as too risky. PFC, primarily focused on infrastructure financing within the power sector, saw the loan as exceeding its risk tolerance for a new sector.
PFC not to take exposure in Shapoorji Pallonji Group: CMD Chopra
1 day 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 ...
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 Corporation turns down $2.4 bn debt to Shapoorji Pallonji ...
5 days ago · SP Group. 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.
Power Finance Corp not to sanction $2.4 bn debt to Shapoorji Pallonji Group
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 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.
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 Group seeks up to $2.4 billion from lenders
Mar 21, 2024 · Shapoorji Pallonji Group is in talks with lenders including state-run Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), according to people familiar with the matter.
India’s Shapoorji Group Seeks Up to $2.4 Billion From Lenders
Mar 21, 2024 · Shapoorji Pallonji Group is in talks with lenders including state-run Power Finance Corp., seeking to raise as much as 200 billion rupees ($2.4 billion), according to people familiar with the...