E-PaperPiramal Fund Management News
Up to ₹400 cr of Piramal Indiareit V Fund's assets stuck in talks, tribunals
Piramal Fund Management said the Fund made 10 investments of which five have been exited completely, with realized IRRs of up to 27%While the fund manager is pursuing a commercial resolution, it is also running a a parallel track within the IBC/NCLT process
2 min read29 Oct 2020Piramal’s real estate fund seeks extension
Launched in 2013, the fund has a tenure of six years which is extendable by another two yearsThe group firm said cash flow in a residential project in Pune was hit due to liquidity issues and inability to carry out sales and development activities
2 min read23 Jul 2019Piramal Enterprises’s SFG invests Rs300 crore in Indo Shell
Auto components maker Indo Shell will use the funds from Piramal Enterrpises's structured finance group to refinance its bank debt
2 min read3 Mar 2017MBL Infrastructures seeks Rs300 crore mezzanine funding
MBL Infrastructures is said to be in talks with lenders including Piramal Fund Management to raise the mezzanine funding
1 min read5 Jan 2017Vatika Hotels raises Rs495 crore debt from Axis Bank
Vatika Hotels will use the funds to expand its hotels and quick-service restaurant chain besides its business centres
2 min read29 Dec 2016Piramal invests Rs750 crore in Adarsh Developers
Adarsh Developers will use Rs550 crore to refinance existing loans and the rest will be used for working capital requirements in its multiple projects
2 min read30 Nov 2016Lodha Developers plans to reduce cost of debt this year
Lodha Developers increases spending on construction to Rs4,000 crore to step up the pace of execution and deliver around 7,000 homes this financial year
2 min read27 Oct 2016Piramal Fund to invest Rs2,320 crore in Lodha’s World Towers Mumbai
The investment is perhaps the single largest debt-financing deal in Indian real estate; funds to be used to provide an exit to HDFC Property Fund as well
4 min read2 Sep 2016Piramal Fund plans to focus on equity investments in real estate
Piramal Fund Management has a $300 million offshore platform in the works and plans to deploy about Rs500 crore for land transactions
3 min read12 Aug 2016Wadhwa Group plans to raise Rs500 crore to enter affordable housing segment
In the first phase of the project, Wadhwa Group plans to build around 2,500-3,000 units priced in the range of `21 lakh to `55 lakh, in the next three years
3 min read3 Aug 2016Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared