Goswami Infratech plans ₹250 billion bond issue
pre-market1 source ↓written by the desknot a recommendation
- $2.84 billion
- ₹250 billion
- in Tata Sons
- 9.2% stake
Goswami Infratech, part of the Shapoorji Pallonji Group, is set to issue ₹250 billion ($2.84 billion) in bonds, targeting completion by the end of January. This two-year zero-coupon bond will be secured by a 9.2% stake in Tata Sons. The funds will primarily refinance existing debt and support corporate initiatives.
Not investment advice. For informational purposes only.