Shapoorji Pallonji Group taps Power Finance Corp for $1.2 billion loan
Mon, May 6, 2024 1:54 PM

Shapoorji Pallonji Group taps Power Finance Corp for $1.2 billion loan

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Shapoorji Pallonji (SP) Group has begun talks with Power Finance Corporation (PFC) to secure as much as $1.2 billion to refinance part of the Rs 20,000 crore debt maturing in the last week of May, people directly aware of the discussions said. The fundraising discussions have been underway for a few weeks, the people said, requesting anonymity. SP Group pledged its 18% stake in Tata Sons.

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