India Digest: Shapoorji Pallonji plans $652m IPO; Goldman Sachs, others eye RattanIndia bad loans

India Digest: Shapoorji Pallonji plans $652m IPO; Goldman Sachs, others eye RattanIndia bad loans

FILE PHOTO: A sign is displayed in the reception of the Sydney offices of Goldman Sachs in Australia, May 18, 2016. REUTERS/David Gray/File Photo

Shapoorji Pallonji Group, the 150-year-old business conglomerate that has run most of its businesses privately, is looking to tap the capital market to raise $652 million. On the other hand, Goldman Sachs Group Inc and Asian distressed credit specialist SSG Capital Management have initiated separate negotiations to acquire bad loans amounting to about $362- $507 million of RattanIndia Power.

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