Goswami Infratech, a subsidiary of the Shapoorji Pallonji Group, has reached an agreement with global private credit lenders to postpone a portion of its Rs 14,300 crore ($1.7 billion) bond repayment. This agreement, confirmed by a senior company official, is expected to support the company's expansion efforts.

The funds were initially raised through a significant low-grade rupee bond issuance in June of the previous year, which was a notable event in a market typically dominated by high-rated corporate debt. Key investors in this bond deal include Cerberus Capital Management LP, Varde Partners LP, and Davidson Kempner Capital Management LP. Under the arrangement, investors will continue to receive interest on the outstanding amount, while the company is seeking formal consent from them.