As deadlines approach and borrowing costs escalate, the Shapoorji Pallonji Group may find itself compelled to divest its 18.45% interest in Tata Sons via two separate entities. However, this process is more complicated than it seems.
The Shapoorji Pallonji Group is requesting a few months’ extension on the $1.5 billion in bonds that are due this month. These rollovers alongside accumulating debt place the 161-year-old firm at a critical juncture.
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