Shapoorji Pallonji to raise ₹22,000 crore to cut debt in 2026
MUMBAI: The Shapoorji Pallonji (SP) Group plans to raise $2.5 billion (approximately ₹22,000 crore) in the first quarter of the next calendar year to retire expensive existing debt. The infrastructure conglomerate has begun discussions with current investors to determine whether they prefer repayment now or at the scheduled maturity in April. The fundraising goal aims to eliminate $1.7 billion (₹15,000 crore) of existing high-cost debt and is seen by analysts as the second phase of a capital restructuring for the group entity, Goswami Infratech. “Refinancing is step two, which is the Q1 event,” said an insider. “Step one involved the…