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Shapoorji Pallonji plans Rs 25400 crore funding by May 15 to refinance debt
Economy
Published on 24 April 2026
A loan rule tweak could decide bond investors’ next move
Shapoorji Pallonji Group is preparing to raise about Rs 25,400 crore by May 15, aiming to refinance existing debt. The group is also seeking temporary approval to adjust a loan-to-value covenant on its bonds. Market watchers will be tracking developments around Tata Sons’ stake and possible listing, which could influence investor sentiment.
- Group plans to raise Rs 25,400 crore by May 15
- Funds will be used to refinance existing debt
- Seeks temporary changes to a loan-to-value bond covenant
- Tata Sons stake and listing prospects are closely watched
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times