India’s Shapoorji Pallonji Group has offered bondholders a 30-basis point fee in exchange for approving another extension on debt owed by its unit, according to people familiar with the matter.
The group is seeking consent to allow Goswami Infratech Pvt. to push back repayment of 143 billion rupees ($1.5 billion) worth of zero-coupon bonds by at least a month beyond their June 30 maturity date, said the people, who asked not to be identified as the discussions are private.
