Shapoorji Pallonji Shelves Real Estate IPO Plans: What It Means for the Group and Indian Real Estate
The Shapoorji Pallonji Group has reportedly shelved plans to list its real-estate business, putting a potential initial public offering (IPO) of Shapoorji Pallonji Real Estate (SPRE) on hold for now. The decision comes at a crucial time for the diversified group, which is looking at alternative ways to unlock capital and manage its substantial debt burden. The group's 18.4% stake in Tata Sons has...
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by SKJ Landbase - 4 hours ago
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