Mumbai: State-run Power Finance Corporation (PFC) has decided not to go ahead with the ₹20,000-crore loan proposal to Shapoorji Pallonji Group (SP), PFC Chairman Parminder Chopra said on a call with ...

The board of PFC has decided not to sanction loans to Shapoorji Pallonji Group as it does not favour takeing "high-end exposure", PFC CMD Parminder Chopra said. Shapoorji Pallonji Group is a business ...

The Shapoorji Pallonji group has said that a loan it availed from Power Finance Corporation (PFC) to refinance other loans should not be viewed as a ‘bailout from default’. PFC had reportedly ...

Shapoorji Pallonji group had approached PFC for a loan of nearly ₹20,000 crore to refinance its existing debt. The conglomerate has raised a total of nearly ₹32,000 crore from global private credit ...

MUMBAI: The board of state-run Power Finance Corporation (PFC) has reportedly approved a credit line of Rs 14,000 crore to cash-strapped Shapoorji Pallonji (SP) Group, which has been trying to secure ...

Some independent directors of the state-owned lender had raised concerns about the proposal. The Shapoorji Pallonji Group has said it will provide security cover six times the value of the loan it ...

The Shapoorji Pallonji Group offered a security cover more than six times the Rs 15,000 crore loan from Power Finance Corporation. They secured the loan with land parcels and Tata Sons shares. The ...