Afcons Infrastructure IPO issue subscribed 10% on Day 1
Mumbai: Afcons Infrastructure Ltd, the flagship engineering and construction firm of Shapoorji Pallonji Group, made its stock market debut today.
Mumbai: The Shapoorji Pallonji (SP) group is expected to make a Rs 1,800 crore interest payment to bondholders by the end of October, following the conclusion of the Gopalpur port stake sale and the launch of Afcons Infrastructure's initial public offering (IPO) next week, Moneycontrol reported.
Shapoorji Pallonji Group to raise $2 billion via asset sale in engineering firm: Report
Mumbai: Shapoorji Pallonji Group, owned by billionaire Shapoor Mistry, is contemplating the sale of assets, including a controlling stake in its primary engineering company, that is expected to generate around $2 billion, Bloomberg reported citing sources.