The construction arm of the Shapoorji Pallonji Group conglomerate, Shapoorji Pallonji & Co., is in discussions with bankers to raise nearly $300 million to refinance the company’s existing debt, reported the news agency Reuters, citing three people aware of the development. Also Read | Shapoorji Pallonji Real Estate rejigs top deckAccording to the news agency’s report, the company may seek to raise the required funds in Indian currency (Rupees).The potential loan would be secured as it will be backed by shares of Afcons Infrastructure, an engineering subsidiary of the Shapoorji Pallonji Group, reported the news agency, citing people aware of the development.They said that in addition to the backing of the company shares, some other real estate assets will serve as security for the loan.The agency report also highlighted that the debt, which Shapoorji Pallonji seeks to refinance, belongs to the largest private bank in India, HDFC Bank. Tbe company will aim to avail a loan at nearly 15% interest rate, however the details of the refinancing deal is yet to be confirmed. Also Read | Why DLF is walking on eggshells beyond Gurugram, its home turfThe news agency sent queries to the construction firm Shapoorji Pallonji & Co., but it did not receive a response.The report also mentioned that the company took a term loan of around ₹2,250 crore from HDFC Bank in March 2022.As Shapoorji Pallonji & Co. aims to pledge Afcons Infrastructure shares to the bankers for a loan to refinance its existing debts, let’s take a look at the shares of the Shapoorji Pallonji Group’s engineering arm. Also Read | NCLT issues notice to Shapoorji Pallonji Group over insolvency pleaAfcons Infrastructure shares closed 0.52% higher at ₹433 after Thursday’s stock market session, compared to ₹430.75 at the previous market close.The Shapoorji Pallonji Group’s engineering subsidiary shares have lost 11.79% since their listing on the Indian stock market in November 2024. The shares are trading 19.76% lower on a year-to-date (YTD) basis in 2025. However, in the last one-month period, the shares have gained 2.45% in the stock market. Shares of Afcons Infra hit an all-time high of ₹570 on 3 January 2025, while the all-time low was ₹382.40 on 7 April 2025, according to the data collected from BSE website. The company’s market capitalisation (M-Cap) stood at ₹15,925.07 as of the stock market close on Thursday, 3 July 2025. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Shapoorji Pallonji & Co. intends to secure $300 million for the purpose of refinancing its current debt. More information can be found here.
