India’s Shapoorji Pallonji Group Seeks Fresh Bond Extension as Refinancing Drags

🇮🇳 Bloomberg (IN) —

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India's Shapoorji Pallonji Group is seeking a bond extension by offering bondholders a fee to approve refinancing delays by its unit. This move shows ongoing financial restructuring within the company amid debt challenges.

India’s Shapoorji Pallonji Group has offered bondholders a 30-basis point fee in exchange for approving another extension on debt owed by its unit, according to people familiar with the matter.

Markets Deals Shapoorji Pallonji Group India bond extension refinancing debt restructuring bondholders

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