Shapoorji Pallonji secures ₹21,500 cr financing from global investors
after close1 source ↓written by the desknot a recommendation
- in commitments
- ₹21,500 cr
- yielding
- 18.95%
- expected to yield
- 14.5%
Shapoorji Pallonji Group has secured ₹21,500 cr in commitments for its refinancing, fully subscribed by both domestic and global institutional investors. The rupee bonds, yielding 18.95%, have a three-year tenor, while the dollar tranche is expected to yield 14.5%. This financing marks a significant interest from new investors, with about half of the demand coming from first-time participants.
Not investment advice. For informational purposes only.