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Piramal Finance lends Rs 1,100 crore to real-estate developer Embassy Group

This has been done across residential, commercial projects in Bengaluru, Chennai and Hyderabad

BS Reporter  |  Mumbai 

Piramal Finance (PFL), the lending arm of Piramal Enterprises, on Wednesday said that it has financed Rs 1,100 crore to Bengaluru-based Embassy Group. This funding has been done sequentially across both residential and commercial projects in Bengaluru, Chennai and Hyderabad over the past six months.   Piramal first gave Rs 360 crore to Embassy Residences in Chennai — a premium residential project spread over 25 acres with 0.3 million square feet (sq ft) of built-up area and followed up with an investment in Phoenix-Embassy, which is a joint venture between Embassy ...

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First Published: Wed, June 07 2017. 14:15 IST
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