Ajay Piramal
It has really been a very hectic week for the infrastructure sector. This started with an Rs 12,000-crore deal going through, and was accompanied in its wake by the buzz and promise of many more to come. The Delhi-based Jaypee Group has sold three hydropower plants to Anil Ambani’s Reliance Power, just a few days [...] Continue Reading »
Tata Group chairman Cyrus Mistry and Piramal Group head Ajay Piramal are reportedly in talks to work out a partnership for the infrastructure business in India; thereby exploiting the infrastructure opportunity unfolded by the Narendra Modi government. Sources familiar with the ongoing talks between Mistry and Piramal have revealed that the two corporate biggies recently [...] Continue Reading »
Ajay Piramal forerunner Primal Enterprises (PEL) has combined with the world’s second-largest pension fund APG Asset Management (APG) to form a vital union necessary for investing a billion dollars in India’s infrastructure. The equally split joint venture of PEL and APG will involve the initial amount of $375 million from each side, and the investment [...] Continue Reading »
The Telengana Chief Minister K Chandrasekhara Rao has asked the Chairman of Piramal group Ajay Piramal to invest in the proposed Phama City that the State Government is planning to set up. The Chief Minister stated Ajay Piramal that he can set up a facility there and also find a place in order to develop [...] Continue Reading »
Ajay Piramal is all set to make his boldest bet on the country’s battered infrastructure sector under the flagship Piramal Enterprises Limited (PEL). His investments in Vodafone India did fairly well and now with the Modinomics wave, he feels that infrastructure investments should be the next big thing. Piramal Enterprises Limited (PEL) is tying up [...] Continue Reading »
Abhijit Ghosh a partner at PricewaterhouseCoopers (PwC) stated that the Singapore investors should capitalise on the benefits announced in the budget for India’s real estate sector. Ghosh is an expert in this field and stated that the Singapore companies will be in an advantageous position if they decide to invest and lend to the Indian [...] Continue Reading »
Piramal Sunteck Realty Pvt Ltd has tied up with Sussanne Roshan’s plush interiors brand for interior designing. The tie up is done for the Charcoal Project. The tie up will provide Nagpur’s elite denizens a taste of exclusive high living which was previously accessible only to the aristocratic circles in large metros. The tie up [...] Continue Reading »
Ajay Piramal-backed Indiareit Fund Advisors Pvt. Ltd has raised a Rs 250 crore fund that will be invested solely in redevelopment projects of slums, old housing societies and ceased buildings in Mumbai. The real estate fund has planned to raise another Rs 200-250 crore before closing the fund in a couple of months. According to [...] Continue Reading »
