The announcement came after Tata Sons earlier in the day told the Supreme Court that it was ready to buy the Mistry family’s stake in Tata Sons at current market value Mumbai: Shares of Shapoorji Pallonji Group company, Sterling & Wilson Solar, surged 20 per cent after the group announced that it will end its […]
Sterling & Wilson Solar shares rally 20% after SP Group announces it will exit Tata Sons
The announcement came after Tata Sons earlier in the day told the Supreme Court that it was ready to buy the Mistry family’s stake in Tata Sons at current market value. Shares of Sterling & Wilson Solar surged nearly 20 per cent on Wednesday after Shapoorji Pallonji Group announced that it will end its ties […]
Shapoorji Pallonji Group falters again on repayments to Sterling & Wilson Solar
Shapoorji Pallonji group said that it is unable to repay pending dues worth ₹1,000 crore due in June and September to Sterling & Wilson Solar Ltd The repayment is part of dues worth ₹2,644 crore that the promoters owe to SWSL MUMBAI: The Shapoorji Pallonji group has told group company Sterling & Wilson Solar Ltd (SWSL) […]
Sterling and Wilson Solar plans to train locals to make up for labour shortage
He noted that mobilising the workers, who have gone to their villages, back to the construction sites is a time-consuming effort Mumbai: Amid uncertainty over the return of migrant labourers who left for their villages due to the COVID-19 fears, Sterling and Wilson Solar is planning to train the locals to compensate for the shortage, […]
Sterling and Wilson appoints Raghu Menon as CEO of its COGEN business
Menon is a graduate in mechanical engineering from Pune University and holds a diploma in marketing management from Welingkar Institute of Management, Mumbai. New Delhi: Sterling and Wilson (SW), EPC company and part of Shapoorji Pallonji Group, on Thursday appointed Raghu Menon as the chief executive officer (CEO) of its COGEN business. He will be […]
KKR to buy five solar assets from SP Group for $200 million
KKR began to focus on Asia’s infrastructure sector with a series of hires beginning about a year ago, and launched its fundraising in 2019. About 50 per cent of its maiden fund has just been raised Mumbai: Ending months of negotiations, KKR has agreed to buy 5 solar assets of 317 MW from the cash […]
Sterling and Wilson Solar promoters facilitate repayment of Rs 500 crore
The proceeds have been utilised to reduce our external borrowings by an equivalent amount New Delhi: Sterling and Wilson Solar on Tuesday said that its promoters have facilitated repayment of Rs 500 crore as per the revised schedule of repayment approved by the board. “Sterling and Wilson Solar Ltd (SWSL) has received additional Rs 500 […]
Tatas object to Shapoorji Pallonji Group plan to pledge stake
Pallonji Mistry and sons Shapoor Mistry and Cyrus Mistry, who together control the diversified SP Group, have tapped Canadian investor Brookfield for a mega $2-2.5 billion funding facility using part of its stake in Tata Sons as collateral. Mumbai: Tata Sons and its estranged minority shareholder Shapoorji Pallonji (SP) Group have clashed once again with the former […]
Shapoorji Pallonji Group sells stake in TCS for the second time this month
The block deal is the second tranche of sale done by Shapoorji Pallonji in TCS this month alone. Before the first block deal, Shapoorji Pallonji held 74.45 lakh shares in TCS. Post both block deals, Shapoorji Pallonji now holds 34.05 lakh shares in TCS. Shapoorji Pallonji Group (SPG) has sold 19.5 lakh shares in India’s […]
Will honour Sterling debt: Shapoorji Pallonji Group
MUMBAI: Shapoorji Pallonji (SP) Group chairman Shapoor Mistry on Sunday said that the diversified enterprise is “fully committed to honouring” its debt obligations towards Sterling and Wilson Solar. The statement came a couple of days after the stock of the group company tanked 20% on Friday following a proposal by promoters SP Group and Khurshed […]