Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDs

Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDs

In light of recent geopolitical unrest, the Shapoorji Pallonji Group is reaching out to bondholders for consent to adjust a crucial loan-to-value covenant tied to its rupee notes. This strategic decision to elevate the LTV threshold for a short span of three …

Mumbai: The Shapoorji Pallonji Group is seeking bondholder approval to temporarily ease a key loan-to-value (LTV) covenant on its rupee notes, citing market volatility linked to geopolitical tensions… [+1511 chars]

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Shapoorji Pallonji seeks bondholder nod for LTV relief on earlier NCDs - FHMnews