Mitul Shah & Associates

Shapoorji Pallonji Group nears $3.4 billion record private credit deal

Shapoorji Pallonji Group, an Indian conglomerate, is poised to finalize a $3.4 billion debt agreement, potentially India’s largest private credit deal. Major investors like Ares Management and Cerberus Capital are participating, with Deutsche Bank arranging the zero-coupon rupee bond yielding 19.75%. This deal highlights the growth of India’s private credit sector, fueled by infrastructure development […]

EV maker Greaves Electric Mobility gets Sebi nod for IPO

Greaves Electric Mobility has received Sebi approval for its IPO, comprising a ₹1,000 crore fresh issue and an OFS of 18.9 crore shares. Proceeds will fund tech development, battery assembly, manufacturing expansion, acquisitions, and digitization efforts.