SP Group co seeks loan rejig under RBI’s Covid plan

Shapoorji Pallonji and Company, the SP Group flagship, has formally written to banks for a restructuring of its loan obligations under the special Covid scheme announced by the Reserve Bank of India (RBI). This is the first large account of over Rs 1,500 crore to come up for restructuring and is likely to be referred to the K V Kamath-led committee, which will vet all restructuring proposals of over Rs 1,500 crore.

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