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Shapoorji Pallonji One-Time Restructuring Plan In Final Stages
Shapoorji Pallonji finalises resolution plan for Rs 11,000 crore in debt.
10 Mar 2021, 11:25 AM IST
Construction and real estate firm Shapoorji Pallonji Company Pvt Ltd is in the final stages of a one-time restructuring of its debt under a special dispensation provided by the Reserve Bank of India following the Covid crisis.Close to Rs 11,000 crore in debt out of a total of Rs 22,183 crore is up for restructuring, three people in the know confirmed, speaking on conditions of anonymity.According to the people quoted above, the group...
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