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Piramal Enterprises’ arm extends loans worth Rs 1,000 crore to Rustomjee Group: Report

21 Aug 2017 Evaluate

Piramal Enterprises’ financial services arm - Piramal Finance (PFL) has reportedly extended loans worth Rs 1,000 crore to realty developer Rustomjee Group as growth capital across its multiple projects. These projects include redevelopment, large format townships as well as affordable housing in Mumbai Metropolitan Region (MMR). The loans are in the form of construction finance as well as corporate funding for growth requirement at the group level.

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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