SP Group Weighs ₹3,500 crore Debt Repayment Options Ahead of September Deadline
Shapoorji Pallonji Group faces a choice to raise capital or extend payment terms for its Rs 3,500 crore debt due by end of September. A planned listing of Tata Sons creates a potential exit path for lenders seeking redemption.
People familiar with the matter indicate that Shapoorji Pallonji Group is currently evaluating whether to raise funds or request an extension for repaying approximately ₹3,500 crore in debt associated with Porteast. The scheduled repayment deadline is September 30. While the group has raised ₹28,500 crore through NCDs in May 2025 at 19.75% interest backed by a pledge of a 9.2% stake in Tata Sons, the current focus is on this specific obligation. Lenders view the Reserve Bank of India's mandate for the listing of Tata Sons as a clear mechanism to monetize SP Group's underlying investment and meet future redemption commitments. Given this regulatory path, sources suggest lenders would be receptive to extending the payment timeline.
