Updates

Shapoorji Pallonji Group closes ₹15,100 crore ($1.6 billion) private credit deal to refinance Goswami Infratech zero-coupon bonds

Shapoorji Pallonji Group completed a separate ₹15,100 crore ($1.6 billion) rupee-bond transaction with domestic investors including InCred Capital, DSP Finance and IIFL Capital to refinance ₹15,500 crore of Goswami Infratech zero-coupon debt at an 18.95% yield.

Shapoorji Pallonji Group completes ₹21,500 crore ($2.25 billion) debt refinancing after bond issue fully subscribed

Shapoorji Pallonji Group completed one of India's largest private credit transactions on July 20, 2026, with its Eqyizen Investment bond issue fully subscribed and settled, raising roughly $1.6-2.25 billion depending on tranche measurement.

Tata Sons and Shapoorji Pallonji Group hold fresh talks on share-swap deal to resolve Tata Sons stake dispute

Tata Sons and Shapoorji Pallonji Group are discussing a share-swap arrangement to let SP Group monetise part of its 18.37% Tata Sons stake and cut its roughly ₹60,000 crore debt.

Shapoorji Pallonji Group raises $650 million via three-year dollar bond at 14.5% yield as part of Eqyizen refinancing

Separately from the rupee bond tranche, Shapoorji Pallonji Group raised $650 million through a three-year dollar bond priced at a yield of 14.5%, with Deutsche Bank AG acting as sole arranger and reportedly investing approximately $400 million itself. The dollar bond forms the second tranche of the group's broader ₹25,500 crore Eqyizen refinancing programme.

Shapoorji Pallonji Group kicks off $2.7 billion Eqyizen refinancing with rupee bond sales to Farallon, Davidson Kempner and Cerberus

Shapoorji Pallonji Group has commenced the actual sale and allocation of its planned ₹255 billion ($2.7 billion) Eqyizen rupee bond refinancing, with about ₹150 billion in bonds being issued to investors including Farallon Capital Management, Davidson Kempner Capital and Cerberus Capital Management. The proceeds will be used to repay debt at subsidiary Goswami Infratech.

Shapoorji Pallonji Real Estate brings largest-ever multi-city property showcase to Mumbai on July 5, 2026

Shapoorji Pallonji Real Estate (SPRE) is hosting its largest-ever one-day multi-city property showcase in Mumbai on July 5, 2026, featuring 15 premium residential projects across Mumbai, Thane, Pune, Gurugram, and Howrah. The event follows the successful Gurugram expo held in April 2026 and offers homebuyers event-only benefits, personalised consultations, and expert advisory.

Shapoorji Pallonji Real Estate officially launches Joyville Vyomora, a 25-acre residential township in Hinjawadi, Pune

Shapoorji Pallonji Real Estate announced the formal launch of Vyomora, its third residential project in Hinjawadi, Pune — a 25-acre low-density community featuring 720 homes across five towers in Phase 1, with prices starting from ₹84.99 lakh. The project is conceived around the philosophy of 'The Infinite Way of Life' and is positioned as an integrated community for Pune's IT workforce.

Shapoorji Pallonji Group launches ₹25,500 crore Eqyizen bond issue backed by Tata Sons stake to refinance Goswami Infratech debt

Shapoorji Pallonji Group is launching a ₹25,500 crore (~$3 billion) zero-coupon NCD issue via a new vehicle called Eqyizen Investment, secured against its 18.37% stake in Tata Sons and priced at an 18.95% yield. The bonds carry a condition that within 18 months of issuance, either Tata Sons must list publicly or SP Group must reach a settlement on the stake's sale.

Goswami Infratech zero-coupon bond maturity extended to July 31, 2026 after June 30 deadline missed

Shapoorji Pallonji Group's Goswami Infratech has secured a further extension of its zero-coupon bond maturity from June 30 to July 31, 2026, as the group's broader refinancing via a new Eqyizen bond was not completed in time. This is the second extension of the Goswami Infratech notes, which were originally issued in 2023.

Shapoorji Pallonji launches Wildernest Tower 4 at SP Kingstown, Hadapsar Annexe, Pune with ₹175 crore revenue potential

Shapoorji Pallonji Real Estate has launched Tower 4 at its Wildernest project within the 200-acre SP Kingstown township in Hadapsar Annexe, Pune, following the sell-out of Phase 1. The new tower offers 76 luxury 3 & 4 BHK residences across approximately 1.29 lakh sq. ft. of saleable area, with a revenue potential of ₹175 crore.

Shapoorji Pallonji bondholders attempt to sell Goswami Infratech debt at 90% of par amid prolonged refinancing delays

Some bondholders of Shapoorji Pallonji Group's subsidiary Goswami Infratech are attempting to sell their non-convertible debentures at roughly 90% of face value, as prolonged refinancing negotiations test investor patience. The group is simultaneously seeking a further extension of the June 30, 2026 bond maturity by at least one month.

Shapoorji Pallonji Group offers bondholders 30 bps fee for fresh extension on Goswami Infratech debt beyond June 30 maturity

Shapoorji Pallonji Group has offered bondholders a 30-basis-point consent fee to approve yet another extension on ₹14,300 crore of zero-coupon bonds issued by Goswami Infratech, pushing repayment past the June 30, 2026 maturity date by at least one month. The move signals continued delays in the group's broader refinancing exercise.

SD Corp (Shapoorji Pallonji & Dilip Thacker Group) launches The Canvas Residences in Sewri, Mumbai

SD Corp, a joint venture between Shapoorji Pallonji and the Dilip Thacker Group, has launched The Canvas Residences — a premium residential development in Sewri, Mumbai, offering 2 and 2.5 BHK homes across three towers. The project holds RERA registration number P51900026182 and is priced from approximately ₹2.39 crore onwards.

Shapoorji Pallonji launches Private Estates phase at Treetopia Pune

Shapoorji Pallonji Real Estate unveiled Private Estates at Treetopia, a 105-acre plotted project in Pune, featuring large-format estate plots overlooking a 25-acre natural lake.

Shapoorji Pallonji launches VANAHA Verdant 5-acre residential project in Pune with ₹800 crore revenue potential

Shapoorji Pallonji Real Estate announced the launch of VANAHA Verdant, a 5-acre premium residential project in Bavdhan, Pune within the broader 1,000-acre VANAHA integrated township. The project comprises approximately 600 apartments with estimated revenue potential of ₹800 crore.

Goswami Infratech to complete dual-tranche debt refinancing by mid-June 2026

Goswami Infratech, a Shapoorji Pallonji Group unit, was set to complete its large fundraising plan by mid-June 2026, ahead of a month-end deadline to refinance nearly $2.5 billion in debt.

Shapoorji Pallonji in talks with Cerberus, Farallon, Ares for ₹143 crore rupee bond offering

Global investors including Cerberus Capital Management, Farallon Capital Management, and Ares Management Corp were in talks to invest in Shapoorji Pallonji Group's proposed rupee debt of ₹143 billion at an 18.75% yield through its unit Goswami Infratech.

Shapoorji Pallonji Group seeks $1.5 billion refinancing through zero-coupon bond offering

Global investors including Cerberus Capital Management, Farallon Capital Management, and Ares Management are in talks to invest in Shapoorji Pallonji Group's proposed ₹1,430 crore ($1.5 billion) zero-coupon bond offering at 18.75% yield, part of broader debt refinancing efforts.

BlackRock set to invest $100–200 million in Shapoorji Pallonji Group's Goswami Infratech dollar bond

BlackRock, the world's largest asset manager, was reported on 7 May 2026 to be considering an initial investment of $100–200 million in a dollar bond to be issued by Goswami Infratech, a Shapoorji Pallonji Group unit, via an Asia-focused fund. Deutsche Bank is the arranger for the deal, which is structured as a private placement.

CareEdge downgrades Goswami Infratech NCDs to B+ from BB- citing fundraising delays

Indian rating agency CareEdge downgraded non-convertible debentures of Goswami Infratech, a Shapoorji Pallonji Group unit, to B+ from BB- on 6 May 2026, citing delays in group-level fundraising and mounting refinancing risks. The downgrade also reflects the group's decision to seek a debt repayment extension to 30 June 2026 from 30 April 2026.

Shapoorji Pallonji announces Tree Clouds, a new ultra-luxury residential phase at SP Kingstown, Hadapsar Annexe, Pune

Shapoorji Pallonji Real Estate has announced Tree Clouds, a pre-launch ultra-luxury residential project within its 200+ acre SP Kingstown township at Hadapsar Annexe, Pune, offering 3 BHK, 4 BHK and penthouse residences with bioclimatic architecture and 75%+ open spaces.

Shapoorji Pallonji Real Estate hosts SPRE Property Expo in Gurugram showcasing multi-city portfolio

SPRE hosted a two-day property expo on April 25-26, 2026, featuring residential projects across six major Indian cities (Gurugram, Mumbai, Thane, Pune, Bengaluru, Howrah) with properties ranging from 60 lakhs to ₹25 crore.

Shapoorji Pallonji Group secures extension of Goswami Infratech bond maturity from April 30 to June 30, 2026

Shapoorji Pallonji Group successfully negotiated an extension on ₹14,300 crore of zero-coupon bonds at its unit Goswami Infratech, pushing the maturity date from April 30 to June 30, 2026, as the group worked to complete a planned dollar and rupee bond refinancing.

Shapoorji Pallonji Group secures lender approval to ease LTV covenant on $3.4 billion private credit debt

A unit of Shapoorji Pallonji Group obtained approval from major lenders to temporarily raise the loan-to-value limit on its financing arm Porteast Investment from 34% to 40% for four months through July 15, 2026, after falling collateral values pushed the group closer to its borrowing limits. The move provided the group short-term headroom as it continued its broader refinancing effort.

Shapoorji Pallonji launches Nine Arcs luxury project in Santacruz East, Mumbai

Shapoorji Pallonji Real Estate launched Nine Arcs, a 14-storey premium residential tower in Santacruz East, Mumbai featuring 137 units priced from ₹2.99 crore with distinctive curved architecture.

Shapoorji Pallonji Group launches Rs 27,000 crore fundraise plan to refinance Goswami Infratech debt

Shapoorji Pallonji Group announced a plan to raise approximately Rs 27,000 crore to refinance the debt of its unit Goswami Infratech, targeting both domestic and international investors through a large bond issuance. The fundraise is aimed at restructuring liabilities and managing upcoming debt repayments.

Shapoorji Pallonji Codename Zest officially launched in Mulund West, Mumbai

Shapoorji Pallonji Real Estate formally launched Codename Zest, a premium residential project in Mulund West, Mumbai, comprising five 40-storey towers spread across 2.77 acres with 2 BHK and 3 BHK apartments priced from ₹2.25 crore onwards.

Shapoorji Pallonji announces Pokhran Road Two residential project in Thane

Shapoorji Pallonji Real Estate announced plans to develop a residential project on Pokhran Road Two in Thane, a well-established residential and commercial corridor in the Mumbai metropolitan region.

ASK Property Fund joins Shapoorji Pallonji & KREEVA JV for Sector 46 Gurugram luxury project

ASK Property Fund announced strategic investment in the Shapoorji Pallonji and KREEVA joint venture for a luxury residential project in Sector 46, Gurugram with ₹270+ crore funding, enhancing the partnership's financial capabilities.

Shapoorji Pallonji launches The Vastion luxury project in Hadapsar Annexe, Pune

Shapoorji Pallonji Real Estate announced launch of The Vastion, an exclusive low-density luxury enclave in Hadapsar Annexe, Pune comprising 25 residences (13 villas and 12 villaments) positioned in Pune's premium luxury segment.

Shapoorji Pallonji Heartland premium project launches in Mulund, Mumbai

Shapoorji Pallonji Real Estate launched Heartland, a 2.77-acre residential development in Mulund, Mumbai featuring 5 towers with premium 2-3 bed residences starting from ₹1.71 crore.

Shapoorji Pallonji One Estate row houses launch in Howrah, West Bengal

Joyville Shapoorji Housing launched Shapoorji Pallonji One Estate with 180 premium row houses across 8 acres within its 30-acre Joyville Howrah development near Santragachi.

Shapoorji Pallonji launches Treetopia plotted project in Pune with ₹600 crore revenue potential

Shapoorji Pallonji Real Estate announced entry into plotted development segment with launch of Treetopia, a 105-acre premium plotted project in Pune Growth Corridor comprising 483 residential plots with ₹600 crore estimated revenue potential.

Motilal Oswal Alternates invests ₹450 crore in Shapoorji Pallonji Real Estate

Motilal Oswal Alternates makes first investment of ₹450 crore in SPRE against two projects: a commercial property in Manesar and a residential township launched in 2021.

Shapoorji Pallonji Group signs record $3.4 billion private credit deal

Shapoorji Pallonji group secured a $3.4 billion private credit deal, marked as India's largest. The three-year zero-coupon rupee bond carries a 19.75% annual yield, with proceeds for debt refinancing.

WSB Real Estate Debt Fund invests ₹55 crore in BKC 9 project

WSB Real Estate Debt Fund II commits ₹55 crore for BKC 9, a joint development by Shapoorji Pallonji Real Estate and Vakratunda Buildcon with ₹250+ crore revenue potential.

Shapoorji Pallonji launches The Odyssey ultra-luxury project in Mumbai

SPRE announces The Odyssey, an ultra-luxury project off Marine Drive with ~60 units and ₹1,000+ crore revenue potential, designed by architect Hafeez Contractor.