SP Group launches Rs 27,000 crore fundraise to refinance Goswami Infratech debt

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The Shapoorji Pallonji Group is raising Rs 27000 crore to refinance Goswami Infratech's debt. This move aims to replace existing borrowings by tapping domestic and international investors. The transaction is expected to diversify the investor base and potentially lower costs. The fundraise is part of a broader capital restructuring plan for the group.