SHAPOORJI PALLONJI

Tatas keeping a close eye on pledged shares as Shapoorji Pallonji goes on Rs 20,000-cr fundraise

"Indian lenders and their credit committees would need to evaluate whether their inability to transfer or sell the security in a default situation represents an acceptable risk," said one of the persons.

More in SHAPOORJI PALLONJI

Tata-Mistry case: Supreme Court rules in favour of Tata Group, junks appeals of Cyrus Mistry camp

In its appeal, the Tata Group had said there was no wrongdoing involved in Mistry's October 2016 ouster as Chairman, adding that the board was "well within its rights to do so". The Shapoorji Pallonji (SP) Group, on the other hand, had contended that the ouster was similar to a "blood sport".
Adani Green to buy Shapoorji Pallonji arm’s 75mw-solar assets

Separately, Shapoorji Pallonji Group’s listed entity, Sterling & Wilson Solar, informed the bourses that the promoter group has informed the company that they will repay outstanding loans to the company from the deal proceeds.
ICRA downgrades Shapoorji Pallonji by one notch

The long-term rating downgrade takes into account the muted sales and a sustained increase in input costs, which led to weak performance at the group’s real estate portfolio.
High Court decision on solar imports duty likely on February 13

Solar developer Shapoorji Pallonji Infrastructure Capital, part of the Shapoorji Pallonji group, had moved the Madras High Court maintaining that the DG Safeguards took this decision without hearing the company.
Shapoorji Pallonji Group's Rs 25,000 cr investment in infra projects to create 1L jobs

SP Group, which built the iconic RBI headquarters, will invest Rs 8,900 crore to build a new port in Saurashtra and another Rs 6,500 crore to construct the Jammu-Udhampur highway.