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SP Group

SP Group to sell port to Adani co for Rs 3.3,000 crore

[ad_1] Mumbai: Shapoorji Pallonji Group is set to sell its 56% stake in Gopalpur Port in Odisha to Adani Ports for an enterprise value of Rs 3,000-3,300 crore, of which the equity consideration is Rs 1,300 crore. In Dec 2023, the construction-to-real estate group, led by Shapoor Mistry, had sold its 50% share in Dharamtar…

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SP Group sells data centre construction business for Rs 700 crore

[ad_1] MUMBAI: Shapoorji Pallonji Group is exiting the data centre construction business that it pioneered in the country. SP Group has sold the business to a group of investors including as many as 30 individuals — making it a rare M&A deal — for Rs 700 crore. Typically, in buyout deals, acquirers are limited in…

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