Anchor Investors Clear Path For Sp Groups Refinancing
Economic Times
Shapoorji Pallonji Group's anchor investors, including global funds, have agreed to extend relaxed loan-to-value ratios on pledged securities until September 30.
This crucial approval paves the way for a significant ₹22,000 crore refinancing deal led by Deutsche Bank. The group aims to launch this transaction in early July to manage upcoming maturities, with remaining bondholders expected to grant their consent this week.
Earlier, some investors, particularly Ares, had pushed for clarity from the SP Group on Tata Sons stake monetisation and deleveraging.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
Is gold losing relevance? These factors will decide.
Akasa aims to be a 226-aircraft airline by 2032, IPO in 2-4 years
Crude falls, retail prices don’t. Will it be different this time?
What will the NSE IPO price be? Unlisted market deals offer clues.
Should they now be part of a long-term investing framework? 7 healthcare stocks with upside potential of up to 25%
15 Days Free: Unlock All ETPrime Exclusives, Market Tools & ePapers
It seems like you're already an ETPrime member with
Login using your ET Prime credentials to enjoy all member benefits
Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.
Trump temper on H-1B visas is forcing Indians to do these things to stay put in US
What Adani’s US indictment means for India Inc’s overseas fundraising
Why veterans like Reliance, L&T are on acquisition spree? Aswath Damodaran has an answer.
Will China’s dollar bond sale in Saudi Arabia trump the US in financial world?
Huawei launches its own OS to compete with Google and Apple. But can it win beyond China?
Why a falling rupee is a better option for the economy
A list of top 20 momentum stocks that have delivered massive returns in one year
Get daily trade ideas from SEBI-registered research analysts.
Grow your wealth with stock ideas & sectoral trends.
All-in-one stock research with Stock Score, peer comparison & key signals.
Get to know where the market bulls are investing to identify the right stocks.
Check the score based on the company's fundamentals, solvency, growth, risk & ownership to decide the right stocks.
Analyze the market sentiments & identify the trend reversal for strategic decisions.
Ask your stock queries & get assured replies by ET appointed, SEBI registered experts.
Read the PDF version of ET newspaper. Download & access it offline anytime.
Read your daily newspaper in Digital View & get it delivered to your inbox everyday.
Manage your money efficiently with this weekly money management guide.
Read the PDF version of TOI newspaper. Download & access it offline anytime.
Explore the In-depth explanation of complex topics for everyday life decisions.
Get fitter with daily health insights committed to your well-being.
Manage your wealth better with in-depth insights & updates on finance.
Stay globally informed with exclusive story from New York Times.
Stream new documentaries from all across the world every day.