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The company has scheduled a coupon payment on 5.5% unlisted senior secured bonds of ₹750 crore due on January 31, 2024. Under the revised terms, the bondholders have agreed to reschedule the coupon payment to March 31 at 12% which will be payable half-yearly, the people cited above said.
Learn about the high maintenance and monthly outgoings of luxury condominiums in Mumbai. Discover how residents cope with the costs and the financial strategies employed by SoBo society to ensure upkeep.
The luxury homes segment rises by 5% year on year, affordable segment shrinks in Mumbai amid price rise; flex spaces share grows to record 26% in office transactions | Mumbai news
Investment to rise multi-fold in the micro-market due to modern infrastructural progress underway
On debt rejig drive, SP Group may sell stake in 3 companies Surabhi Mumbai | Updated on The Shapoorji Pallonji Group is looking to monetise its assets and may sell its stake partly or fully in at least three of its group companies, including Eureka Forbes, Sterling and Wilson Solar and Afcons Infrastructure, as part of the one-time debt restructuring package being discussed with the lenders. The company plans to raise about ₹10,332 crore through this asset sale. Additionally, Inter Corporate Deposits (ICDs) given to the SP Group companies are also likely to be realised, largely from its ...