Shapoorji Pallonji Raises $3.4 Billion in Private Credit Deal

Shapoorji Pallonji Group, a leading Indian real estate and construction company, has raised $3.4 billion in the biggest private credit deal in India’s history .Global Investment Firms Participate Well-known international investors joined the deal. These include Ares Management, Cerberus Capital, Davidson Kempner, and Farallon Capital. Deutsche Bank managed the deal and also invested in it.Deutsche Bank invested around $900 million and plans to sell part of its share later. Cerberus invested about $475 million, and Davidson Kempner put in around $425 million..Indian firms also took part. ASK Wealth Advisors, some family offices, and EAAA India Alternatives Ltd.—one of India’s biggest private credit funds—invested in the deal..This deal marks a big step for India's private credit market. The sector is growing fast as the government increases investment in infrastructure like roads and solar energy under Prime Minister Modi’s leadership.