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News 2026-09-29 09:26 UTC

India's SP Group arm taps dollar debt to meet another unit's dues

By Dharamraj Dhutia and Khushi MalhotraAn 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…