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Shapoorji gets RBI waiver on debt deal
Mint Mumbai
|July 30, 2025
Shapoorji Pallonji Group has secured a key regulatory waiver from the banking regulator, easing pressure on its landmark $3.4 billion private credit deal and averting an increase in the cost of that borrowing, according to people familiar with the matter.
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Sterling Investment Corp., the group's non-banking finance unit, last week received a three-year extension from the Reserve Bank of India (RBI) to meet the capital adequacy norms, t
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