India’s Shapoorji Pallonji Group Seeks Fresh Bond Extension as Refinancing Drags (opens original article in a new tab)

India's Shapoorji Pallonji Group is seeking extensions on debt repayments for its units, offering fees to bondholders, as refinancing challenges persist.

• India's Shapoorji Pallonji Group seeks a bond extension for its unit Goswami Infratech, offering a 30-basis point fee to bondholders.
• The group also requests an extension of a key debt condition at its financing arm, Porteast Investment, to September 30.
• Goswami's debt is backed by SP Group's stake in Tata Sons, whose value has declined due to falling Tata Consultancy Services shares.