 "debt restructuring, Banks, lending, lenders, RBI,")
Shapoorji Pallonji & Company (SPCPL) will reduce its debt further by Rs 4,000 crore in the current financial year (2022-23) through divestment of assets.
The flagship company of Shapoorji Pallonji Group (SP Group), SPCPL exited from a one-time restructuring (OTR) plan in 2021-22 (FY22) with repayment of the entire OTR debt, ahead of the OTR timelines. It did this through infusion of funds by promoters, proceeds from monetisation of assets, and a fresh term loan.
Its consolidated external debt reduced by about Rs 13,500 crore during FY22 to Rs 23,475 crore as on March 31.
Factoring in improvement in financial
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