25-April-2024
Corporate News
 
Shapoorji Pallonji infra arm gets cold shoulder from private banks
24-Oct-2020

Shapoorji Pallonji Group's infrastructure arm Afcon Infrastructure, which enjoys Rs 12,690 crore loan facility from over a dozen banks, managed to raise additional funds of Rs 2,500 crore last month from existing public sectors banks but wasn't able to do so from big private and foreign banks. The private lenders led by ICICI Bank, Axis Bank, Standard Chartered Bank, HSBC Bank and BNP stayed away from increasing their current exposure. The PSBs led by SBI, Bank of Baroda and India Bank brought bulk of the money.

News Source:- https://www.businesstoday.in/current/corporate/shapoorji-pallonji-group-infrastructure-arm-gets-cold-shoulder-from-private-banks/story/419737.html