Economic TimesLean R·
SP Group to raise $200 million to repay debt
Shapoorji Pallonji Group is looking to raise $150 million to $200 million, according to people familiar with the matter, as the Indian conglomerate faces mounting debt obligations.SP Group plans to raise the funds through private credit by issuing more rupee bonds initially sold by its Eqyizen Investment Pvt. unit in July, said the people, who asked not be named discussing private information. About half of the proceeds will be used to repay creditors of Porteast Investment Ltd., another SP Gro…
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