Shapoorji Pallonji Group plans to raise $2.5 billion next year to retire high-cost debt. The infrastructure conglomerate is contacting existing investors to gauge their repayment preferences, aiming to refinance $1.7 billion of existing debt. This move is part of a capital restructuring for group entity Goswami Infratech.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj