Debt Reduction

Over next 3-4 years, plan to reduce debt to zero: Hubtown promoter

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Over next 3-4 years, plan to reduce debt to zero: Hubtown promoter

Rushank Shah, Promoter, Hubtown, says that over the next three to four years, they are focusing on a couple of things. One of the first things they are focusing on is reducing our debt from our current levels to zero, as well as they will be using some of the existing land parcels including one … Read more

Shapoorji Group in talks for Rs 8,000 crore raise via bonds

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Shapoorji Group in talks for Rs 8,000 crore raise via bonds

Mumbai: Shapoorji Pallonji Group has revived talks with private credit funds and global lenders led by Deutsche Bank to raise about ₹8,000 crore ($948 million) in bonds, whose exact nature would be finalised later. The latest funding round will help the group meet immediate debt obligations and reduce its overall financing costs that average north … Read more