Shapoorji Pallonji Group is seeking consent from non-convertible debenture holders to waive certain restrictive covenants to facilitate loan refinancing against Tata Sons shares held by Sterling Investment Corp. This request follows significant repayments of Rs 14,300 crore by Goswami Infratech through the IPO of Afcons Infrastructure and the sale of a stake in Gopalpur Port to the Adani group. The group aims to ease constraints that have hindered discussions with lenders regarding existing indebtedness.
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