The Shapoorji Pallonji group faces investor challenges as it seeks to raise $1.7B. It has pledged collateral, including half its stake in Tata Sons Pvt. Ltd, to meet its financial obligations. The loan has high-security cover, but the construction and engineering business has single-digit margins, posing risks for investors. Nonetheless, the group has managed to monetize assets, reducing its debt by close to $1.4B in 2 years. Fundraising efforts come at a difficult time for Shapoor Mistry, following personal setbacks, and as the conglomerate undergoes restructuring.