The Shapoorji Pallonji Group faces about $1.2 billion in debt repayments by December, for which it has pledged its entire stake in Tata Sons as collateral, people directly familiar with the matter said.

The group, which refinanced about $3.2 billion of existing borrowings, is scheduled to repay the upcoming tranche, covering both principal and interest, within two months, the people said, requesting anonymity. The promoter-level debt held by the Mistry family is estimated at Rs 25,000–30,000 crore, roughly half of the group’s total debt of Rs 55,000–60,000 crore.

The group may find it challenging to mobilise the required funds to meet its repayment obligations, adding a layer of complexity to the ongoing negotiations over its proposed exit from Tata Sons, where it holds a little more tha

See Full Page