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Shapoorji Pallonji Group weighs stake sale to raise $2 bn: Report
short by Ambarish Awale / on Tuesday, 11 April, 2023
Shapoorji Pallonji Group is considering selling its assets, including a controlling stake in Mumbai-based Afcons Infrastructure, to raise about $2 billion, Bloomberg reported. The group is also reportedly weighing a sale of some ports, with company's Gopalpur port being a likely candidate. The group has been seeking ways to free up cash to tackle high interest rates, the report added.
read more at Moneycontrol