मैगज़्टर गोल्ड के साथ असीमित हो जाओ
10,000 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
Why SP Group is borrowing at distress-level rates
Financial Express Hyderabad
|January 20, 2026
POOR LIQUIDITY
WHEN THE INTEREST rate on the debt of a Shapoorji Pallonji (SP) Group unit climbed to 21.75% recently, it did not alarm distressed-debt investors.
What surprised lenders was that such pricing is being applied to one of India’s oldest and largest business groups.
In the country’s largest corporate bond sale, SP Group arm Porteast Investment raised ₹28,600 crore in May last year through three-year bonds at 19.75%. The cost rose to 21.75% in December after the company failed to meet a covenant linked to a stake sale, according to people familiar with the matter.
For the 156-year-old conglomerate, the high rates reflect not a lack of assets but a persistent liquidity squeeze and limited options to monetise its most valuable holding — Tata Sons.
यह कहानी Financial Express Hyderabad के January 20, 2026 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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