Shapoorji Pallonji Group plans $1 billion share sale of solar unit
Billionaire Pallonji Mistry's Shapoorji Pallonji Group is looking to raise about $1 billion by selling up to 30% stake in its solar unit Sterling & Wilson. The funds would be raised through a pre-listing stake sale followed by an IPO. The company, which provides engineering, procurement and construction services, said it will generate â¹9,500 crore of revenue this fiscal. 