SP Group Unit Faces Potential Higher Costs for 250 Billion Rupee Fundraising
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SP Group Unit Faces Potential Higher Costs for 250 Billion Rupee Fundraising

Shapoorji Pallonji Group's unit, Goswami Infratech, is planning to raise up to 250 billion rupees via a bond issue. Investors are reportedly seeking interest rates similar to those of another SP Group unit, Porteast Investment, which saw its rate increase after a covenant breach. SP Group denies the 21.75% rate for Goswami Infratech, stating the transaction will be at tighter pricing reflecting an improved credit profile, though the deal's timeline may be extended.

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