Mumbai: Edgy over Shapoorji Pallonji (SP) Group’s plans to roll over pledged Tata Sons shares to refinance over $2 billion debt, Tata Trusts has, for the first time, officially said these are non-transferable. The Trusts, which holds a controlling 66% in group holding company Tata Sons, is worried about possible litigation with lenders over enforcing … Read more
Mumbai: The Shapoorji Pallonji Group (SP Group) is offering ₹400 crore more to the bondholders of group company Goswami Infratech, in exchange for their consent to extend the deadline to meet certain covenants on ₹14,300 crore of borrowings. The company, which has to pay ₹1,400 crore in interest this month, has sought a four-month window … Read more
Mumbai: An entity promoted by the Shapoorji Pallonji Group raised ₹505 crore from Asia Pragati Strategic Investment Fund to complete its existing projects and repay debt raised from other lenders, said people with knowledge of the matter. Ricardo Constructions, a wholly-owned company of the SP Group engaged in the construction of residential apartments, raised the … Read more
