Shapoorji Pallonji Group Repays ₹3,500 Crore Bond Dues After Fresh Lender Support, Avoids Default Risk
The Shapoorji Pallonji (SP) Group has cleared around ₹3,500 crore in bond repayments after a majority of existing lenders agreed to provide additional financing, helping the Mistry family-owned conglomerate avoid a possible default. As per a report by Moneycontrol, the repayment gives short-term relief to the group, which had been working with lenders to meet the obligation just two months after…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
