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The Economic Times

Business / The Economic Times

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Credit costs rise for Shapoorji Pallonji Group firm as refinancing timeline slips

The step-up was triggered after Goswami Infratech, a borrower linked to the structure, did not complete a refinancing by December end, said the people cited above. Although not a covenant breach, the delay requires existing borrowings to be repriced if fresh debt was raised at a higher cost.

9 Jan 2026 12:50 am