Shapoorji Pallonji falters again in repaying Sterling Solar’s dues
Shapoorji Pallonji group on Wednesday said it has missed a deadline to repay dues to group company Sterling and Wilson Solar Ltd, raising doubts about the group’s ability to service its debt amid a faltering fundraising plan. In a regulatory filing, Sterling and Wilson, controlled by construction tycoon Pallonji Mistry and his family, said that it has repaid only ₹103 crore of the ₹1,000 crore it owed to the company, the deadline for which ends this month.
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