India’s Goswami Infratech, a Shapoorji Pallonji Group unit, is set to complete a 250 billion rupee bond issue by end-January to refinance existing debt. The two-year zero-coupon bond will be secured by the group’s stake in Tata Sons. This potential issuance aims to diversify funding sources and secure a lower coupon than its previous bond.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000