Shapoorji Pallonji firm raises ₹1,375 cr debt to repay group company's borrowing

Evangelos Ventures raised ₹625 crore from Ares SSG Capital affiliate and ₹750 crore from Farallon Capital affiliates at an internal rate of return of more than 15%. Both debt facilities were raised in the form of three-year bonds due March 31, 2025. The proceeds will be deployed mainly to repay high-cost borrowings of Goswami Infratech (GIPL), said the people.

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