Shapoorji Pallonji locks Rs 21,350 cr private‑credit refinancing, backed by Tata Sons stake
Shapoorji Pallonji Group secured Rs 21,350 crore in commitments for a rupee NCD and a US‑dollar tranche, with Deutsche Bank and Mercury Finance each pledging roughly Rs 6,210 crore alongside global distressed‑debt funds and domestic banks. Backed by the group’s 18.37% Tata Sons stake, the refinancing shows confidence in the collateral and becomes one of India’s largest private‑credit debt raises, diversifying its funding despite high yields.