India SP Group requests Goswami Infratech debt extension
India's SP Group seeks to delay maturity for Goswami Infratech notes due April 30. Refinancing plans are stalled by high hedging costs and market volatility.
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The Shapoorji Pallonji Group is seeking investor approval to extend the maturity of debt issued by its real estate and civil engineering unit, Goswami Infratech, as refinancing efforts in India face delays. The proposal targets high-yield notes currently scheduled to mature on April 30, according to sources familiar with the matter.
