Prøve GULL - Gratis
Shapoorji to raise $1.3 billion from realty, oil business
Hindustan Times Haryana
|May 19, 2025
Shapoorji Pallonji (SP) Group, the Mumbai-headquartered real estate and infrastructure conglomerate run by billionaire Shapoor Mistry, is planning to raise $1.3 billion (about ₹11,500 crore) over the next two years by taking its real estate business public, and by selling some assets in its oil & gas businesses.
MUMBAI:
The move is part of a bigger plan to manage the group's rising debt.
The money raised will be used to make interim payments to creditors of a recent $3.3 billion private credit loan that the group took last week, according to the deal's term sheet. That loan, in turn, was taken to refinance and repay some other, older loans.
SP Group has total outstanding debt of ₹55,000-₹60,000 crore as of 31 March 2024, according to news reports.
Nearly ₹32,000 crore has reportedly been raised from global private credit funds as well as wealthy high net-worth individuals (HNIs) over the past three years in two tranches via non-convertible debentures (NCDs).
Denne historien er fra May 19, 2025-utgaven av Hindustan Times Haryana.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Hindustan Times Haryana
Hindustan Times Haryana
SA crush Pak by 150 runs in game affected by rain
South Africa steamrolled Pakistan by 150 runs in a rain-affected round-robin league match to leapfrog to the top of the points table in the Women’s World Cup here on Tuesday.
1 mins
October 22, 2025
Hindustan Times Haryana
India need to course correct for ODI World Cup in South Africa
Batting woes in the Perth ODI versus Australia shows India have plenty to sort for the 2027 tournament
3 mins
October 22, 2025
Hindustan Times Haryana
Small stores slow to pass on GST rate cuts
It has been nearly a month since the government's latest Goods and Services Tax (GST) rate cuts came into effect, but chances are some packaged goods may still be sold at old prices in small retail stores.
2 mins
October 22, 2025
Hindustan Times Haryana
Trade to trust: Rebuilding Canada-India partnership
Canadian foreign minister Anita Anand’s visit to Delhi and Mumbai last week marks a new juncture in Canada-India relations.
3 mins
October 22, 2025
Hindustan Times Haryana
Expanding net: MCD plans 30 new border toll plazas
The Municipal Corporation of Delhi (MCD) plans to hire a new agency to collect toll tax at 156 entry points on Delhi's borders —30 more than in 2021, when 124 sites were covered.
1 mins
October 22, 2025
Hindustan Times Haryana
AIR INDIA FLIGHT SAFETY AUDITOR FOUND DEAD IN GGM PG: POLICE
A flight safety auditor with Air India was found dead in his room at a paying guest (PG) accommodation in Gurugram on Monday, police said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Burden of proof: SC warns against rigidity
Rule relating to prosecution’s burden of proof benefits serious offenders, the court noted
2 mins
October 22, 2025
Hindustan Times Haryana
Adaptation to be key issue at COP30: UN climate chief
Adaptation will be a central issue at the 2025 UN Climate Change Conference (COP30) in Brazil's Belem, with parties expected to agree on adaptation indicators and work to close the adaptation finance gap, UN Climate Chief Simon Stiell said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Indian, Chinese soldiers exchange Diwali sweets
Indian and Chinese soldiers exchanged sweets on Diwali as a goodwill gesture along the line of actual control (LAC) that stretches from Ladakh to Sikkim and Arunachal Pradesh, officials said on Tuesday.
1 min
October 22, 2025
Hindustan Times Haryana
Opposition condemns Lokpal tender to buy 7 luxury cars worth ₹5cr
ON OCT 16, LOKPAL FLOATED A TENDER TO PROCURE SEVEN BMW CARS TO PROVIDE A VEHICLE FOR EACH MEMBER OF THE OMBUDSMAN
1 mins
October 22, 2025
Listen
Translate
Change font size