12-August-2025
Corporate News
 
Shapoorji eyes $1 billion debt payment in possible Tata exit
12-Aug-2025

India’s Shapoorji Pallonji Group plans to use some of the proceeds from a potential sale of its 18.4% stake in Tata Sons Pvt. to repay debt held by its infrastructure unit, according to people familiar with the matter. Shapoorji is aiming to settle the outstanding 88.1 billion rupees ($1 billion) in bonds that were issued by Goswami Infratech Pvt. and mature in April next year, said the people, who asked not to be identified because the matter is private.

News Source:- https://economictimes.indiatimes.com/news/company/corporate-trends/shapoorji-eyes-1-billion-debt-payment-in-possible-tata-exit/articleshow/123253679.cms