Shapoorji Pallonji Group secured a crucial three-year extension from the Reserve Bank of India for its finance unit, Sterling Investment Corp. This waiver averts a potential interest rate hike of 200 basis points on its $3.4 billion private credit deal. The extension provides more time to meet capital adequacy norms, preventing a possible default.
from Banking/Finance-Industry-Economic Times https://ift.tt/Yew8xc2
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