India’s Shapoorji Pallonji Group has raised approximately INR151bn ($1.6bn) through one of the country’s largest private credit transactions, highlighting the growing ability of domestic and international alternative lenders to finance large leveraged deals, according to a report by Bloomberg.
The fundraising was backed by a group of Indian investors including InCred Capital Financial Services, DSP Finance and IIFL Capital Services, according to people familiar with the transaction.
Other partic...
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