Wealth managers pitch Shapoorji Pallonji debt to HNIs with Rs 10-crore minimum ticket size

Wealth managers are selling debt securities issued by Equizen Investments, a company linked to the Shapoorji Pallonji Group, to high-net-worth individuals with a minimum investment of Rs 10 crore. This means that wealthy investors can buy these debt securities, which are essentially bonds with no interest payments, but instead offer a higher return at maturity. The sale of these securities in the secondary market could provide liquidity to the SP Group entity, which is facing financial challenges.

Read the source report: Moneycontrol