# Deutsche Bank has earned more than $50 million in fees over the past four years by arranging a series of debt refinancing transactions for the Shapoorji Pallonji Group.

*fintech · news · 2026-05-05 · Moneycontrol*

## Key points

- Deutsche Bank earned over $50 million in fees from SP Group debt refinancings since 2020.
- SP Group's latest refinancing, led by Deutsche Bank, is priced at around 18.75 percent interest.
- A single recent SP Group refinancing round netted Deutsche Bank more than $14 million in fees.
- SP Group's repeated refinancings are backed mainly by its illiquid Tata Sons stake, complicating asset monetisation.
- High-profile global investors like BlackRock and Pimco have participated in SP Group's private credit deals.

**Companies:** Deutsche Bank, Shapoorji Pallonji Group, Goswami Infratech
**Countries:** India, Germany

[Read the full story on Moneycontrol](https://www.moneycontrol.com/news/business/deutsche-bank-earns-over-50-million-in-fees-from-repeat-sp-group-refinancings-13908402.html)

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