The Shapoorji Pallonji Group has decided to leave the Tata group, and before that the group has to restructure Rs 10,900 crore of its debt under the COVID-19 outbreak resolution framework. The relief is being sought under the one-time loan restructuring plan which was approved by the Reserve Bank, in that RBI allows financially stressed companies to recast their debt for 2 years.
Shapoorji Pallonji Group to give Rs 10,900 crore debt
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