For years, ‘evergreening of loans’ – throwing new loans to help a stressed or delinquent borrower repay old loans – has worried the regulator. Since rules prohibit lenders from doing this blatantly, some of them, mostly non-banking companies, had figured out a different way some years ago. They cut special deals with foreign credit funds, which bet on comparatively lower-rated bonds, to set up local alternative investment funds (AIFs).
SP Group weighs Rs 3,500 crore debt repayment options
Shapoorji Pallonji Group is exploring debt options for a ₹3,500 crore repayment. The central bank’s Tata Sons listing mandate offers investors a clear repayment path.
September 14, 2026