{"id":301497,"date":"2019-11-19T11:04:36","date_gmt":"2019-11-19T05:34:36","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=301497"},"modified":"2019-11-19T11:04:36","modified_gmt":"2019-11-19T05:34:36","slug":"whats-happening-at-sterling-and-wilson","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/whats-happening-at-sterling-and-wilson\/","title":{"rendered":"What\u2019s happening at Sterling and Wilson?"},"content":{"rendered":"<p>MUMBAI : Shares of Sterling and Wilson Solar Ltd (SWSL), the recently listed group company from the Shapoorji Pallonji stable, fell 20% in early trade on the BSE on Monday, with investors worried about the company not meeting loan repayment schedules and reneging on IPO commitments.<\/p>\n<p>Last Thursday, in a disclosure to stock exchanges, the promoters of SWSL \u2013 the Shapoorji Pallonji Group and Khurshed Yazdi Daruvala \u2013 said they couldn\u2019t honour their inter-corporate loan repayment commitments made during the IPO in August and sought more time from the company\u2019s board to repay loans worth \u20b92,341 crore, citing unforeseen reasons including a liquidity crisis at the group level.<\/p>\n<p>The outstanding dues stood at \u20b92,563 crore (principal amount of \u20b92,335 crore and interest of \u20b9228 crore) on August 20, 2019, the date of listing of the equity shares of the company. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI : Shares of Sterling and Wilson Solar Ltd (SWSL), the recently listed group company from the Shapoorji Pallonji stable, fell 20% in early trade on the BSE on Monday, with investors worried about the company not meeting loan repayment schedules and reneging on IPO commitments. Last Thursday, in a disclosure to stock exchanges, the promoters of SWSL \u2013 the Shapoorji Pallonji Group and Khurshed Yazdi Daruvala \u2013 said they couldn\u2019t honour their inter-corporate loan repayment commitments made during the IPO in August and sought more time from the company\u2019s board to repay loans worth \u20b92,341 crore, citing unforeseen reasons [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-301497","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=301497"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/301497\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=301497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=301497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=301497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}