India’s Shapoorji Pallonji Group seeks fresh bond extension as refinancing drags

Shapoorji Pallonji Group is seeking additional time to repay bonds worth about Rs 143 billion as refinancing delays continue. The debt is backed by its stake in Tata Sons and is under pressure due to falling valuations. Ongoing lender negotiations and liquidity stress have raised concerns over near-term repayments and the group's broader funding strategy.