Shapoorji Pallonji Group to Raise $200M to Repay Debt

• Shapoorji Pallonji Group is seeking to raise $150 million to $200 million.
• The funds will be raised through private credit by issuing rupee bonds.
• The bonds were initially sold by its Eqyizen Investment Pvt. unit in July.
• The group faces mounting debt obligations.
• People familiar with the matter have confirmed the plans.