India’s Shapoorji Signs $3.4 Billion Record Private Credit Deal

An advertisement for a residential project being developed by Shapoorji Pallonji Group in Mumbai, India, on May 14. — An advertisement for a residential project being developed by Shapoorji Pallonji Group in Mumbai, India, on May 14.
Photographer: Dhiraj Singh/Bloomberg

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By Saikat Das and Nic Querolo

May 15, 2025 at 5:42 PM UTC

Updated on

May 15, 2025 at 10:06 PM UTC

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Indian real estate and construction conglomerate Shapoorji Pallonji Group signed a $3.4 billion private credit deal, a person familiar with the matter said, marking the biggest of its kind in the country.