SP Groups debt recast gets KV Kamath Committee, lenders approval – Business Standard
In a move that gives respite to Shapoorji Pallonji (SP) Group, the Indian lenders and the KV Kamath Committee have cleared its one-time restructuring (OTR) proposal. All debt restructuring proposals above Rs 1,500 crore were referred to the expert committee at its meeting on Tuesday. Shapoorji Pallonji and Companys (SPCPLs) the holding company of the…