India’s Shapoorji Pallonji Group plans asset sale to cut $558m debt

India’s Shapoorji Pallonji Group plans asset sale to cut $558m debt

Shapoorji Pallonji Real Estate plans to invest Rs600 crore on buying land parcels this year to build a pipeline of projects. Photo: Ramesh Pathania/Mint

India’s Shapoorji Pallonji Group is looking to sell its solar power plants and road assets to reduce debt by as much as 40 billion rupees ($558 million), a person with direct knowledge of the matter said.

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