A&O Shearman supports the Shapoorji Pallonji Group on one of India's largest private credit refinancings

SP Group is a diversified Indian conglomerate with interests across construction and engineering, infrastructure, real estate, energy, textiles, and financial services. Operating in more than 40 countries, it is one of India’s longest-established business groups and holds an 18.37% stake in Tata Sons, the principal holding company of the Tata Group. This refinancing reflects the increasing sophistication of India’s private credit market and its ability to deliver large-scale, flexible capital solutions for complex transactions.

Kyungwon (Won) Lee, partner and regional co-head of U.S. capital markets and global ECM at A&O Shearman, added: “The refinancing brought together multiple funding sources and investor groups through a structure designed to meet the SP Group’s financing objectives. The transaction demonstrates the growing maturity of private credit markets and their ability to deliver capital at scale for sophisticated cross-border financings.” 

The A&O Shearman team was led by partners Gautam Narasimhan, Kyungwon (Won) Lee, and Pallavi Gopinath Aney, with support from senior associate Nabil Shadab. Hedging-related and swap advice was provided by partner James Yao and associate Karen Ho, while U.S. tax and ERISA advice was provided by partner Larry Crouch and counsel Jason Rothschild. 

A&O Shearman continues to advise on market-defining transactions in the private credit and capital markets sectors, leveraging its global platform and deep expertise to deliver innovative solutions for complex, cross-border financings.

For more information please contact APACMediaRelations@AOShearman.com