Piramal Enterprises has entered into a strategic partnership with Ivanhoé Cambridge to provide long term equity capital to blue chip residential developers across the five major metro cities in India. Ivanhoé Cambridge is allocating an initial $250 m for this purpose. PEL will commit an additional amount alongside and co-invest between 25% and 50% of each transaction.
Piramal Enterprises (PEL) is one of India’s large diversified companies, with a presence in Healthcare, Healthcare Information Management and Financial Services.