MoneyWorks4Me

Piramal Enterprises’ arm planning to raise $500 million: Report

09 Jul 2018 Evaluate

Piramal Enterprises’ wholly-owned subsidiary -- Piramal Capital & Housing Finance -- is reportedly planning to raise capital worth $500 million in order to set-up a platform for asset aggregation. The said platform, will be setup through Infrastructure Investment Trust (InvIT) or Alternate Investment Fund (AIF) and will be set-up in the next 3 months.

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

Peers