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SP Group exits one-time resolution plan; repays Rs 12,450 cr to lenders

SPCPL's one-time resolution of debt was unanimously implemented on March 31, 2021 by all the lenders of SPCPL after construction activities came to a grinding halt due to Covid

Shapoorji Pallonji
Premium

Dev Chatterjee Mumbai
Shapoorji Pallonji and Company Private, the holding company of SP Group, has repaid Rs 12,450 crore to its lenders and exited the one-time resolution (OTR) plan earlier than its scheduled deadline. This will be the first OTR, which has been fully repaid within a year of implementation.

SPCPL’s one-time resolution of debt was unanimously implemented on March 31, 2021 by all the lenders of SPCPL after construction activities came to a grinding halt due to the Covid pandemic and lockdowns had hit the construction activities all over India. SPCPL's resolution plan had sought a two-year extension of timelines to repay

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First Published: Mar 31 2022 | 8:19 PM IST

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