Shapoorji Pallonji Group

One of subsidiaries will issue about ₹15,000 cr worth of rupee-denominated bonds to a group of investors including Farallon Capital Management, Davidson Kempner Capital & Cerberus Capital Management

Some investors are attempting to offload debt linked to a Shapoorji Pallonji Group subsidiary at a discount as negotiations over refinancing and repayment extensions continue ahead of a key deadline

Goswami Infratech has now secured commitments from at least five foreign and domestic investors to subscribe to a planned rupee-bond issue, the sources added

Until now, Tata Sons has remained unlisted, but there is now pressure to list from ​internal stakeholders, including its second largest shareholder, the Shapoorji Paloonji (SP) Group

The infrastructure-focused conglomerate, backed by billionaire Shapoor Mistry, is proposing to offer 18.75 per cent yield on the zero-coupon bonds of its unit Goswami Infratech Pvt

The deal would be a private placement, and the launch timing could not be ascertained immediately. Deutsche Bank is the arranger

The ‌real estate and civil engineering firm's non-convertible debentures were downgraded to B+, from BB-, CareEdge said on Wednesday

Goswami Infratech has asked investors to extend the maturity of the high-yield notes to June 30 from April 30

Shapoorji Pallonji Group seeks to delay ₹14,300 crore debt repayment amid refinancing challenges and market volatility linked to its Tata Sons stake

SP Group Chairman Shapoorji Pallonji Mistry on Friday again pressed for listing of Tata Sons, saying it is not merely a regulatory compliance but a necessary evolution in the public interest, reposing faith in the government and RBI to "act decisively" on the matter. In a statement, Mistry said the SP Group has "full faith in the government of India and the Reserve Bank of India to act decisively" on the matter of listing of Tata Sons -- the holding company of the coffee-to-cars-and-software conglomerate. So far, no clear evidence-based case has been presented to explain how a public listing would materially damage the interests of the Tata Trusts or reduce their ability to serve beneficiaries, he added. Mistry's comment comes amid reports that two of the trustees of Tata Trusts, Venu Srinivasan and Vijay Singh, have favoured public listing of Tata Sons. On the other hand, Tata Trust Chairman Noel Tata is against the move. "As I have stated earlier, we would like to reiterate that

Its financing arm, Porteast Investment, will temporarily raise its loan-to-value limit to 40 per cent from 34 per cent for four months through July 15

Goswami Infratech, the SP Group's real estate and civil engineering company, is planning to raise as much as ₹25,000 crore ($2.77 billion) through a two-year zero-coupon bond issue

The real estate and civil engineering company is preparing to raise around ₹25,000 crore ($2.84 billion) through a two-year zero-coupon bond issue

If Mehli Mistry fails to get a nod from all trustees of Tata Trusts for his term renewal, it will be an unprecedented development that could escalate the ongoing tensions

After more than 13 years as Afcons Chairman, Shapoorji Mistry steps down to become Chairman Emeritus while his son Pallon Mistry joins the board, marking a generational transition

Shapoorji Pallonji may use funds from a possible Tata Sons stake sale to repay ₹8,810 crore debt, while also pushing ahead with new premium real estate developments

VANAHA Verdant spans 10 lakh sq ft and is close to major IT hubs and key infrastructure, says company

Shapoorji Pallonji Real Estate (SPRE) will develop a 5-acre residential project in Pune with an estimated revenue of Rs 800 crore as part of its expansion plan. The company has launched a 5-acre premium housing project 'VANAHA Verdant', comprising about 600 apartments. "Spread across 5 acres, the upcoming project will offer approximately 10 lakhs square feet of saleable area, with an estimated revenue potential of about Rs 800 crore," SPRE said in a statement on Wednesday. The company did not disclose the project cost. This upcoming project is part of its flagship 1,000-acre integrated township, VANAHA, near Bavdhan, Pune. Sriram Mahadevan, CEO of Shapoorji Pallonji Real Estate and MD of Joyville Shapoorji Housing, said, "With VANAHA Verdant, we are not just launching another project but shaping a new way of living in Pune. Its proximity to nature, integrated commercial spaces, and low-density layout reflect what today's homebuyers value most: balance, access, and long-term value.

Cerberus, which has $65 billion under management globally, was among the anchor investors in Shapoorji Pallonji Group's $3.4 billion financing, the country's largest private credit deal to date

The capital was arranged by KKR Capital Markets and is being anchored by the firm's private credit and insurance platforms