Mumbai: The Tata Trusts and Tata Sons are said to be closely monitoring the Shapoorji Pallonji (SP) Group’s bid to raise ₹20,000 crore from state-run institutions to refinance debt taken against stakes in the Tata Group holding company. The Mistry family-promoted SP Group holds an 18.37% stake in Tata Sons, all of which is pledged … Read more
New Delhi: The Mistry family, promoters of Shapoorji Pallonji (SP) Group, is looking to raise ₹15,000 crore in five-year loans against cash flows in their real estate business to replace high-cost debt, according to people with knowledge of the matter. The funds will be used to redeem bonds issued three years ago that have onerous … Read more
Mumbai: Goswami Infratech, a Shapoorji Pallonji group company, is facing a surge in bond yields by as much as 200 basis points to 19% due to concerns about a potential breach of a covenant on the sale of assets, three people aware of the development told ET. The company had initially raised ₹14,300 crore for … Read more
