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Shapoorji Pallonji Group holds talks to raise Rs 4,000 crore from SSG Capital, others The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application BusinessToday.In | March 16, 2021 | Updated 12:06 IST SP Group is holding discussions with SSG Capital and other institutions to raise funds until its one-time restructuring (OTR) application gets approval Shapoorji Pallonji (SP) Group is in talks with overseas investors to raise up to Rs 4,000 crore as debt to be paid to Indian creditors. This is said to be a last-ditch attempt by the financially stressed conglomerate to bypass the NPA (non-performing asset) label by March-end.The group has already put its three assets on the block. The move by SP & Company (SPCPL), which is the flagship company of SP Group, comes at a time when banks are considering its one-time restructuring (OTR) application.

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