Power Finance Corp not to sanction $2.4 bn debt to Shapoorji Pallonji Group

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Proceeds of the loan would primarily be used to refinance an old credit facility.

With the latest move, the company may have to find new ways to raise money.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Pallonji group Loan Power Finance Corporation Debt Shapoorji Pallonji group

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 15:59:19 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 270 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23478581

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 307 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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