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Blackstone partner firms raise Rs 1,475 crore in separate deals

Embassy group has raised Rs 1,075 crore from Piramal Finance

Raghavendra Kamath  |  Mumbai 

Embassy group of Bengaluru and Pune-based Panchshil Realty, the two partner companies of US-based private equity investor Blackstone, have raised funds worthRs 1,450 crore in separate deals. Embassy group has raised Rs 1,075 crore from Piramal Finance, the lending arm of Piramal Enterprises. Piramal Finance has done the funding sequentially across both residential and commercial projects of Embassy in Bengaluru, Chennai and Hyderabad over a span of the last six months. Piramal first funded Rs 325 crore project loan to Embassy Residences in Chennai, a premium ...

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First Published: Thu, June 08 2017. 00:33 IST
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