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Shapoorji Pallonji’s Mercury Finance plans $125 million dollar bond reissue
BusinessLine 1 hr ago·29 Sept 2026, 10:11 am
Shapoorji Pallonji’s Mercury Finance is planning to reissue a $125 million dollar bond. This move comes just months after the company raised $650 million in July, indicating a strong push to secure foreign capital. The funds raised in the previous round were reportedly directed toward acquiring rupee-denominated debt from another group entity, suggesting a strategy to strengthen its balance sheet and liquidity.
For investors, this development highlights the group's active approach to managing its financial resources and leveraging its credit profile in international markets. The reissue of the bond will likely help the company maintain a healthy liquidity position and fund its ongoing operations. Investors should keep an eye on how these funds are utilized and whether they contribute to the overall stability of the group's financial structure.
Excerpt from BusinessLine
An unit of India's Shapoorji Pallonji Group, Mercury Finance, is raising $125 million through the reissue of a U.S. dollar bond maturing in nearly three years, three sources aware of the matter said on Tuesday. Mercury Finance will raise the funds by reopening its zero-coupon dollar bonds due July 2029, with the…Read the original at BusinessLine
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