SWPL and its subsidiary had an outstanding loan of Rs 1,160 crore as on 13 February 2021.
The dues were repaid by SWPL and its subsidiary Sterling and Wilson International FZE to SWSL and its subsidiary Sterling and Wilson International Solar FZCO.
SWSL and FZCO's outstanding term debt stood at Rs 332 crore as on 13 February 2021. SWSL's balance term debt has fallen to Rs 94 crore, following repayment of Rs 278 crore till date.
SWSL, a Shapoorji Pallonji group company, is a global pure-play, end-to-end solar engineering, procurement and construction (EPC) solutions provider. The company's consolidated net profit slumped 55.4% to Rs 22.45 crore in Q3 FY21 from Rs 50.28 crore in Q3 FY20. Net sales during the quarter increased by 21.9% year-on-year (Y-o-Y) to Rs 1,311.73 crore in Q3 FY21.
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Valued Customer,
BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.
The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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The following illicit activities by the persons named herein have come to the notice of Stock Exchanges: