 "Shapoor Mistry Chairman, SP Group")
The Shapoorji Pallonji (SP) Group, for the first time in 150 years, will launch an initial public offering (IPO) for one of its 13 private businesses — Sterling & Wilson Solar — a global company that engineers and builds solar-powered projects.
The $7-billion conglomerate, best-known for real estate and infrastructure, is also the largest single private shareholder in the Tata Group.
Sterling & Wilson Solar, a solar power EPC (engineering procurement construction) company, which recently received approvals from the Securities and Exchange Board of India (Sebi) for its IPO, has been in business since 2011 and reported Rs 6,800 crore
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