Grapevine: Shapoorji Pallonji Group to refinance debt; OrbiMed bets on LifeWell

By Sreeja Biswas

  • 07 May 2024
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Credit: Shah Junaid/VCCircle

Shapoorji Pallonji Group has initiated discussions with Power Finance Corporation to secure up to $1.2 billion (Rs 10,017 crore) to refinance a portion of its Rs 20,000-crore debt set to mature in late May, a media report said.   SP Group had previously pledged its 18% stake in Tata Sons as collateral for the original loan, ......

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