Real value much more

The Shapoorji Pallonji (SP) Group will sell approximately 30% of its holdings in its solar engineering arm of Sterling and Wilson (SW) to reduce the Group’s corporate debt. Executive director Jay Mavani was quoted in a report in The Times of India (ToI) dated November 21, 2018. The sale is expected to fetch the 153-year-old conglomerate USD one billion (over INR 7,000 crores). A public offering is on the cards. A separate listing of Eureka Forbes (EF), the water purification unit of Forbes and Company will also be considered, as also sales of commercial real estate, Mavani said."We want to......

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