Shapoorji Pallonji plans to raise Rs 1 billion by selling 30 per cent stake in Sterling & Wilson

Shapoorji Pallonji Group is planning to raise Rs 1 billion by selling 30 per cent stake of its solar engineering arm, Sterling & Wilson. The funds will be raised through a pre-listing stake sale followed by a public offering. The pre-IPO placement is expected be completed in the next six months. Currently, the company is in discussion with multilateral agencies and sovereign funds for the investment.

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