Shapoorji Pallonji hires ICICI Securities for IPO of solar business

Photo: Pradeep Gaur/Mint

Shapoorji Pallonji Group has hired ICICI Securities Ltd to take its solar engineering, procurement and construction (EPC) business public, two people aware of the matter said. The solar EPC business is housed under the group’s flagship company, Sterling and Wilson. Mint reported in July that the group was considering an initial public offering (IPO) of the business.

Continue reading this story with a subscription to DealStreetAsia.


Should your colleagues be reading this article too? Contact us for corporate subscriptions at