Description
Shapoorji Pallonji Group is facing a fresh ₹3,500 crore repayment obligation by September end, just weeks after completing a ₹21,500 crore refinancing. The amount relates to earlier bondholders, and failure to repay could be treated by lenders as an event of default.
The group’s Tata Sons stake remains central to its debt strategy. Lenders are now seeking progress on a potential liquidity event or monetisation of the stake. Meeting the September payment could also improve collateral cover, with LTV potentially falling from around 40% to 32%.
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