24/12/2024, 4:35:05 pm

Shapoorji Pallonji kicks off talks for IPO of real estate business

After the successful IPO of its flagship construction firm Afcons Infrastructure, the Shapoorji Pallonji Group has begun talks with investment banks possibly to take its real estate business public, as the company looks to pare down the promoter-level debt further, people aware of the matter told Moneycontrol. They said that SP Group held initial conversations with some investment banks last week.