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SP Group to seal $3 bn refinancing deal with global funds to repay debt
The New Indian Express Kochi
|January 31, 2025
THE Shapoorji Pallonji Group, which owns 18.6% in over $30.5 billion worth Tata Sons, is close to sewing up a funding deal with a group of overseas alternative asset managers to refinance its outstanding debt that runs in excess of $3.2 billion.
The group has been trying to raise funds to refinance its mounting debt for quite some time, and was close to line up ₹20,000 crore of funding late last year from state-run Power Finance Corporation (PFC) but the lender backed out at the final stage. Before that its attempts to raise money didn't materialise, forcing it to buy time from creditors after paying interest. A large portion of the debt was maturing last May.
Denne historien er fra January 31, 2025-utgaven av The New Indian Express Kochi.
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FLERE HISTORIER FRA The New Indian Express Kochi
The New Indian Express Kochi
Now, TMC MP lodges complaint against Guv
THE four-day clash between West Bengal Governor CV Ananda Bose and Trinamool Congress MP Kalyan Banerjee escalated on Wednesday.
1 min
November 20, 2025
The New Indian Express Kochi
Wanted gangster Anmol among 200 Indian nationals deported from US
A special US deportation flight carrying 200 Indians, including Anmol Bishnoi, the younger brother and close aide of gangster Lawrence Bishnoi, two other fugitives wanted in Punjab, and 197 undocumented migrants landed in New Delhi on Wednesday.
1 min
November 20, 2025
The New Indian Express Kochi
Tiger returns after decades, marks 9-month stay in Gujarat sanctuary
AFTER several decades, Gujarat saw its first tiger that stayed in the wilderness, when a big cat not only returned but claimed Ratanmahal Wildlife Sanctuary in Dahod as its permanent home.
1 mins
November 20, 2025
The New Indian Express Kochi
India, Germany system to avoid copter crash
SOON India and Germany will manufacture Obstacle Avoidance Systems (OAS) in India, which will arm the military helicopters to avoid accidents like the one in which General Bipin Rawat, India’s first Chief of Defence Staff, lost his life.
2 mins
November 20, 2025
The New Indian Express Kochi
India's chess World Cup campaign over
GRANDMASTER Arjun Erigaisi was knocked out of the FIDE World Cup, losing to Wei Yi of China 1.5-2.5 in the first set of tiebreak games here on Wednesday. It was a shocker for Arjun who ran out of luck in the rapid tiebreak games wherein the Chinese put pressure in the first game before eventually drawing while in the second Arjun just lost control and will have to go back home.
1 mins
November 20, 2025
The New Indian Express Kochi
Trump berates journalist over Saudi, Epstein questions; calls her ‘terrible’
DONALD Trump denounced ABC News’ Mary Bruce as a “terrible reporter” on Tuesday and threatened the network’s license to broadcast after she asked him three sharp questions at the White House.
1 min
November 20, 2025
The New Indian Express Kochi
Cong dilemma in Upper House
With assembly seats shrinking post Bihar rout, party may lose ground in polls for 75 RS seats next yr
2 mins
November 20, 2025
The New Indian Express Kochi
NUAPADA MANDATE MARKS A POWER SHIFT FOR MAJHI
WHILE the NDA secured a historic mandate in Bihar, the BJP notched up an emphatic victory in the Nuapada bypoll in Odisha.
1 mins
November 20, 2025
The New Indian Express Kochi
Another form of talaq now under top court’s glare
Regulation as per constitutional ethos
1 mins
November 20, 2025
The New Indian Express Kochi
T’Puram ISIS case catches NIA interest
THE partner of the UK-based woman, accused of indoctrinating her son in teens to join the ISIS, is the brother of a convict in the Kanakamala Islamic State module case, police said.
1 min
November 20, 2025
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