The briefing
Investors have agreed in principle to extend the maturity of Goswami Infratech’s high-yield notes to June 30 from April 30, according to sources, with no increase over the current yield. The Shapoorji Pallonji unit has 83.43 billion rupees outstanding after partial prepayments from a 143-billion-rupee 2023 issuance, amid delays tied to rupee hedging costs. Deutsche Bank is arranging a rupee zero-coupon bond as part of the financing plan, Reuters reported.
Original headline
India’s SP Group unit gets investor nod for 2-month debt extension plea, sources say