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Shapoorji Pallonji Group promoters set to receive a Rs 5,000-crore lifeline SECTIONS Share Synopsis This financing round is independent of the one-time restructuring proposal of the real estate, construction and engineering conglomerate that was approved by the lenders and the Kamath committee on Tuesday. The promoters of Shapoorji Pallonji (SP) Group, the Mistry family, are all set to receive a Rs 4500-Rs 5000 crore lifeline from Ares SSG and US hedge fund Farallon Capital, two top special situations financiers that will help them meet their immediate liquidity concerns. Term sheet between both sides have already been signed and an announcement is expected within the next 7-10 days, said people familiar with the development.

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