SP Group creates holding companies for infra and realty verticals to improve cash flows
The move will help improve operating cash flows since investments in long-lead businesses like infrastructure and real estate create timing mismatch, which puts debt burden on the balance sheet, officials said. Earlier all its diverse businesses, ranging from real estate and construction to oil and gas, were housed under one holding company - Shapoorji Pallonji and Co (SPCPL).
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
