Piramal Enterprises
The National Highways Authority of India (NHAI) has raised concerns over the road ministry’s decision to put on hold its proposal for allowing full equity divestment in public-private partnership (PPP) projects, arguing that a stressed promoter can be harmful for the project. In a letter to the ministry, NHAI has said that it had convinced [...] Continue Reading »
There is a renewed interest in the infrastructure sector. Piramal Enterprises committed $1 billion in a tie-up with the Dutch pension fund APG Asset Management last month for the investment in the infrastructure sector. Now, three home-grown private fund managers – IL&FS, L&T Infrastructure Finance and IDFC Alternatives - are gearing up to raise $2.5 billion over the next six to eight [...] Continue Reading »
The Piramal Group is a diversified conglomerate with operations in over 30 countries and brand-presence across 100 markets around the world. Mr. Ajay G Piramal is the Chairman of the Piramal Group. Now Ajay Piramal will strengthen his role in Shriram Group by taking over as chairman of Shriram Capital. Shriram Capital is the holding company of [...] 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 »
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 »
The Ajay Piramal group is close to finalising transactions to purchase controlling stakes in six road assets spread across the country. This move is expected to inject life blood into the stressed road sector and boost infrastructure development in a big way. The real estate to financial services group has signed non-binding preliminary term sheets [...] Continue Reading »
The Ajay Piramal Group is expected to finalise transactions, which involve purchasing the authority to control the stakes in six road assets across the country. This news has fueled the real estate players who are now hoping that the presence of big investors will boost the infrastructure development in the country. Four non-binding preliminary term [...] Continue Reading »
In an indication that Ajay Piramal-led Piramal Enterprises is apparently eyeing the acquisition of road assets in India, the company has worked out an advisory services agreement with merchant banker SBI Capital (SBI Cap) on Thursday. Under the terms of the agreement signed by Piramal Enterprises and SBI Cap, the companies have mutually consented that, [...] Continue Reading »
A 9.99% stake was acquired by the Piramal Enterprises in Shriram City Union Finance. During one of the statements to stock exchange, Piramal based in Mumbai has mentioned that it bought a whole lot of shares of Shriram city with a considerable sum allotted for each piece. There was also a marginal discount made by [...] Continue Reading »
Rs 1000 crore will be invested in the wholly owned infrastructure development arm of engineering major Larsen & Toubro, L&T Infrastructure Development Projects (L&T IDPL) ,by Canada Pension Plan Investment Board (CPPIB) . L&T is also looking at a second tranche capital infusion into the company which is of Rs 1000 crore , which is expected to [...] Continue Reading »
