Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
SP Group offers ₹400 crore extra for deadline extension: Report
short by Ashley Paul / on Sunday, 19 May, 2024
Shapoorji Pallonji Group has offered to pay ₹400 crore extra to bond holders of its subsidiary Goswami Infratech in exchange for a postponement of coupon payment on the debt, Moneycontrol reported. The extra payout will take total payout to ₹1,800 crore and may extend the deadline from May 26 to September 30. The conglomerate had raised ₹14,300-crore debt last year.
read more at Moneycontrol