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Anchor investors clear path for SP Group's refinancing

Shapoorji Pallonji Group's anchor investors, including global funds, have agreed to extend relaxed loan-to-value ratios on pledged securities until September 30. This crucial approval paves the way for a significant ₹22,000 crore refinancing deal led by Deutsche Bank. The group aims to launch this transaction in early July to manage upcoming maturities, with remaining bondholders expected to grant their consent this week.

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Economic TimesLean R·2h ago
Anchor investors clear path for SP Group's refinancing
Shapoorji Pallonji Group's anchor investors, including global funds, have agreed to extend relaxed loan-to-value ratios on pledged securities until September 30. This crucial approval paves the way for a significant ₹22,000 crore refinancing deal led by Deutsche Bank. The group aims to launch this transaction in early July to manage upcoming maturities, with remaining bondholders expected to grant their consent this week.
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Anchor investors clear path for SP Group's refinancing

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Anchor investors clear path for SP Group's refinancing

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