SP Group Seeks Help to Refinance Loans

The Shapoorji Pallonji (SP) Group is asking its non-convertible debenture (NCD) holders to remove certain restrictions. This move aims to help the group refinance loans taken against Tata Sons shares. The SP Group has faced delays in raising funds to refinance these loans. They have already made significant repayments through the sale of assets like Afcons Infrastructure and Gopalpur Port. By easing these restrictions, the SP Group hopes to secure better refinancing options and manage their debt more effectively.