ADVERTISEMENT
Why Shapoorji Pallonji Group Is Facing A Tough Time In Credit Markets
Shapoorji Pallonji didn’t repay its own subsidiary on time. Here’s why the storied construction group is facing problems.
29 Nov 2019, 03:16 PM IST
For decades, billionaire Pallonji Mistry’s construction empire could raise capital easily as lenders, besides a stable business, took comfort in his family’s 18.4 percent stake in Tata Sons Ltd., the parent of $110-billion salt-to-software Tata Group. For India’s credit market roiled by defaults and liquidity crunch, that cushion isn’t enough anymore.Finding capital has turned difficult for developers as non-bank lenders battle a liq...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
Stories
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT