Shapoorji Pallonji & Co. aims to raise $300 million to refinance its existing debt — Details here
Shapoorji Pallonji Group’s Construction Branch Shapoorji Pallonji & Co. ReutersIt refers to three people who are aware of development.
According to the news agency’s report, the company may try to raise the necessary funds in the Indian currency (RUPI).
Potential loan will be guaranteed as it will be supported by AfCons infrastructure shares, an engineering subsidiary of the Shapoorji Pallonji Group.
In addition to the support of the company shares, they said that some other real estate assets would serve as a security task for credit.
The agency report also stressed that the debt that Shapoorji Pallonji tries to finance again belongs to the largest private bank in India. The TBE company will aim to receive a loan from approximately 15% interest rate, but the details of the financing agreement have not yet been approved.
The news agency sent queries to the construction company Shapoorji Pallonji & Co., but did not receive a response.
The report also received a period loan of the company said. La2,250 Crore from HDFC Bank in March 2022.
An idea of AfCons Infra shares
Shapoorji Pallonji & Co., since it aims to commit AFCons Infrastructure Shares for a loan to re -finance existing debts, let’s take a look at the shares of Shapoorji Pallonji Group’s engineering branch.
AFCONS Infrastructure shares are 0.52% higher LaAfter the stock market session on Thursday, 433, La430.75 The previous Sunday is closing.
Shapoorji Pallonji Group has lost 11.79% since their listing of engineering participation shares on the Indian stock exchange in November 2024. However, in 2025, stocks were traded from one year to a day (YTD) on a basis of 19.76%.
AFCONS ENFRA SHORTS HAVE reached the highest level of all time La570 on January 3, 2025, the lowest level of all time LaAccording to the data collected from the BSE website, 382.40 on April 7, 2025. Company’s market value (M-CAP) La15,925.07 closed on Thursday, July 3, 2025 at the stock market.
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