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Piramal Enterprises forays into housing finance business

06 Jan 2017 Evaluate

Piramal Enterprises has received an approval to enter the retail housing finance market. The board of directors at its meeting held on January 5, 21016 has given its approval for Piramal Finance to make an application to the National Housing Bank (NHB) for incorporating a Housing Finance Company (HFC) as its subsidiary.

Piramal Finance (PFL) already has a long standing presence in wholesale finance, catering to the entire spectrum of financing needs across real estate (both residential and commercial) as well as non-real estate (operating infrastructure and other sectors) sectors with a current overall loan book extending to Rs 19,170 crore. In addition, the Group also acts in a fiduciary capacity managing external funds with an AUM of Rs 7,315 crore, including alliances with leading global investors.

Piramal Enterprises (PEL) is one of India’s large diversified companies, with a presence in Healthcare, Healthcare Information Management and Financial Services.


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