Bondholders Seek Sweeteners as Shapoorji Unit Pushes Extension

Bondholders in a unit of India’s Shapoorji Pallonji Group are asking for compensation after the construction conglomerate sought a two-month extension to repay its debt, according to people familiar with the matter.

Investors are bracing for tough negotiations. They plan to push for better terms in exchange for agreeing to the delay, such as higher yields, extra collateral, or a fee, said the people, who asked not to be identified as the discussions are private.