Piramal Enterprises’ subsidiary company -- Piramal Capital & Housing Finance has sanctioned an Rs 200 crore facility for Appaswamy Group through a structured equity transaction to enable the acquisition of 3.34 acres of land at Kotturpuram in Chennai in the state of Tamil Nadu. The company plans to develop a premium residential project with potential sales revenue totalling in excess of Rs 1,000 crore.
Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 955.05 |
| Shriram Finance | 1007.95 |
| Aditya Birla Capital | 363.05 |
| Chola Invest & Fin. | 1676.05 |
| Tata Capital | 321.70 |
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