SP Group seeks 3-6 month extension for Rs 3,500 crore bond repayment

Shapoorji Pallonji Group is in talks with lenders to secure a three to six-month extension for repaying a Rs 3,500 crore bond maturing soon. The group aims to continue its debt refinancing strategy, with proceeds from financing planned for July expected to address the maturity obligation.

The group's dollar bond has shown recent gains in secondary market trading. Investors are closely tracking developments concerning SP Group's significant stake in Tata Sons, a key factor in market sentiment around the conglomerate's financial position.