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 2020Launched 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 2019Auto 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 is said to be in talks with lenders including Piramal Fund Management to raise the mezzanine funding
1 min read5 Jan 2017Vatika Hotels will use the funds to expand its hotels and quick-service restaurant chain besides its business centres
2 min read29 Dec 2016Adarsh 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 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 2016The 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 Management has a $300 million offshore platform in the works and plans to deploy about Rs500 crore for land transactions
3 min read12 Aug 2016In 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 2016The 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