Shapoorji Pallonji group faces biggest challenge as fund flow dries up

A day after Sterling & Wilson (S&W) gave more time to its promoter Shapoorji Pallonji Group to repay its loans, bankers said the options before the SP Group to fund its mainstay construction and real estate businesses were getting limited. Apart from repaying the debt of S&W and its lenders, the Group will require around Rs 2,400 crore to meet its future equity commitments till fiscal year 2022, they said. Besides, the bankers said, the Group will not be able to raise debt by pledging its 18.5 per cent stake in Tata Sons shares due to the ongoing litigation in the Supreme Court wit.....

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