Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDs

In light of recent geopolitical unrest, the Shapoorji Pallonji Group is reaching out to bondholders for consent to adjust a crucial loan-to-value covenant tied to its rupee notes. This strategic decision to elevate the LTV threshold for a short span of three months seeks to provide the group with much-needed breathing room amidst current market fluctuations.