Shapoorji Pallonji Group completes long-delayed debt fundraising, sources say

The Shapoorji Pallonji Group has successfully wrapped up its fundraising campaign, garnering bids amounting to a remarkable 215 billion rupees for a three-year bond. This initiative is primarily designed to refinance the conglomerate's existing debts while investors have been reassured about the monetization of its stake in Tata Sons. Notably, a Mauritius-based entity played a crucial role in the rupee tranche investment.