Record $3.3 Billion India Private Debt Deal Nears for Shapoorji
- In talks with Ares, Cerberus, Davidson Kempner among others
- Aims to borrow as much as $3.3b in local currency bonds
Mumbai's skyline.
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India’s Shapoorji Pallonji Group is in advanced talks with top global private credit funds as it aims to raise as much as $3.3 billion in the country’s biggest-ever local currency private debt deal, according to people familiar with the matter.
Investors in discussion for the deal include Cerberus Capital Management LP, Davidson Kempner Capital Management and Varde Partners LP, said the people who asked not to be identified discussing private information.