BlackRock plans $100-200 million investment in Shapoorji Pallonji unit dollar debt

business-standard.com

BlackRock is likely to invest $100-200 million in a dollar bond issued by a Shapoorji Pallonji Group unit. The investment by the world's largest money manager via an Asia-focused fund aims to reassure other investors in the private placement deal arranged by Deutsche Bank. The Shapoorji Pallonji unit, Goswami Infratech, plans to raise about $3 billion, including the dollar bond, to refinance existing debt.


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BlackRock plans $100-200 million investment in Shapoorji Pallonji unit dollar debt | News Minimalist