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Anchor investors clear path for SP Group's refinancing
Image source: economictimes.indiatimes.com

GK and monthly revision

Anchor investors clear path for SP Group's refinancing

The Shapoorji Pallonji Group has secured approval from its anchor investors, including global funds, to extend relaxed loan-to-value ratios on pledged securities until September 30. This approval is critical for a ₹22,000 crore refinancing deal with Deutsche Bank, aimed at managing upcoming maturities. The transaction is expected to launch in early July, highlighting the group's strategic financial maneuvers in a challenging economic environment.

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