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Piramal Enterprises’ arm sanctions Rs 400 crore through ECL

26 Jul 2017 Evaluate

Piramal Enterprises’ 100% subsidiary - Piramal Finance (PFL) has sanctioned Rs 400 crore through its vertical - Emerging Corporate Lending (ECL) to fund emerging and mid-market businesses.

ECL has been set up as a sector-agnostic platform and engages with clients across manufacturing, trade and services sectors, offering solutions with ticket size ranging from Rs 10-100 crore. It aims to target Rs 1,000 crore of disbursements by the end of this fiscal.

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



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