Tata Sons listing prospects may pave way for cheaper refinancing of SP Group’s Rs 21,500 cr promoter debt

Moneycontrol reported on August 28 that the SP Group is looking to reduce borrowing costs from around 18–19 percent to closer to 12 percent once the make-whole period on its July refinancing expires. Lenders may also consider relaxing a Rs 3,500-crore repayment deadline this month.