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Asset sale holds key for SP Group's debt woes
Financial Express Kochi
|February 21, 2025
Exploring Options
The ongoing fundraising efforts of the 160-year-old Shapoorji Pallonji (SP) Group may allow it to tide over the immediate debt crisis, but experts said it's time that the group focuses on a long-term solution.
"Refinancing will just change the goal post but it doesn't really solve the problem unless they do some big-ticket land sales or a public listing of its real estate arm. The other option is sale of Tata Sons stake," a senior banker said.
The last one, however, looks like a remote possibility, given the stand of Tata Sons on the issue. Shapoorji Pallonji owns 18.4% stake in privately held Tata Sons.
This story is from the February 21, 2025 edition of Financial Express Kochi.
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