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India's Shapoorji Pallonji Group seeks additional funding to meet 35 billion rupee ($365 million) debt payment.
India's Shapoorji Pallonji Group, the second-largest shareholder in Tata Sons Pvt., is reportedly seeking additional funding to address an upcoming debt payment of 35 billion rupees (approximately $365 million). This move comes amidst uncertainty surrounding the potential initial public offering (IPO) of Tata Sons, India's largest conglomerate, despite expectations of a stake monetization having previously boosted investor confidence.
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