6/4/2026, 9:57:02 pm

Shapoorji Pallonji Group gets debt relief of $3.4 billion

Shapoorji Pallonji Group's financing arm, Porteast Investment, secured lender approval to raise its loan-to-value limit to 40% from 34% for four months to avoid breaching debt covenant. The $3.4 billion loan, backed by Tata Sons Pvt. shares pledged as collateral, has faced pressure due to TCS share decline, amid concerns around AI disruption and geopolitical uncertainty, valuing Tata Sons lower.