India's Shapoorji Pallonji Group plans to raise between $150 million and $200 million through a private placement of debt, according to Bloomberg. About half of the funds raised by the company will be used to repay the debt of its department Porterers Investments Ltd., and the balance will be used to pay other corporate debts.

India's Shapoorji Pallonji Group plans to raise between $150 million and $200 million through a private placement of debt, according to Bloomberg. About half of the funds raised by the company will be used to repay the debt of its department Porterers Investments Ltd., and the balance will be used to pay other corporate debts.