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SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds
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Economic Times (IN)1h ago
SP Group to raise $125 million via tap issue, Rs 3,250 crore in rupee bonds
In a significant financial move, Shapoorji Pallonji Group plans to generate $125 million through a tap issue of current dollar bonds, targeting an impressive ₹3,250 crore via unrated rupee-denominated bonds for refinancing purposes. This capital-raising endeavor is likely to finalize by Thursday, with payments assigned for October 1. The influx of interest has led to oversubscription in recent bond offerings, with yield rates ranging from 14% to 18.95%.
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Punch Newspapers2h ago
Group donates to orphanage homes, gets new leader
A humanitarian group, Unique Fellows All Nations Forum, has donated food items to an orphanage in Awka, Anambra State, ahead of its new leader's inaugurati
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