NBFC and PE merged- Piramal plays doctor
Dont jump up when you hear or read the news which would say NBFC and PE have merged, thanks to Piramal Capital. Piramal Capital has made the private equity domains an the non banking financial company, Indiareit and Piramal Finance join hands and called for an integrated vertical, now named Piramal Fund Management, says a source.
Piramal Fund Management (PFM) as sources say have brought in around INR 2400 crores in the past ninety days, for debt equity and that which would help fund opportunities related to realty and the sectors associated with it. This would help expose the stack of capital overall, namely;
- private equity
- structured
- mezzanine equity
- structured debt
- senior secured debt
- construction finance etc , says a company source
Chairman of Piramal Enterprises, Mr. Ajay Piramal mentioned the importance of integrating the two as a combined one, which he views as the best decision to have been made. This is what he says would be able to bring out information and skills, insights as well, all of which would be valuable to help forge and bond relationships across various developmental platforms, says a source.
Source - The Hindu Business Line
NBFC, NBFCs capital, non banking financial corporation (NBFC), Non-banking financial company (NBFC), Piramal Fund Management
