SP group in talks with PE firms to sell Gopalpur port, other assets

In order to facilitate debt repayment, the Shapoorji Pallonji Group has initiated talks with private equity players to sell its entire stake in Gopalpur Port, Odisha, and part of the shareholding in Afcons Infrastructure by ear­ly 2024. Previously, JSW Ports and the Adani Group had made offers of around Rs 30 billion to acquire Gopalpur Port, but their offers did not meet the group’s valuation expectations.