 "infra, realty, buildings, real estate")
Piramal Enterprises, one of the most aggressive lenders to real estate developers, is reducing its exposure to property sector as it looks to derisk its portfolio and scale up non-real estate book.
The share of real estate in its loan book has come down from 85 per cent in September quarter of FY17 to about 74 per cent in the same quarter this financial year, according to the latest presentation of the company. It expects the share of real estate to fall to 50 per cent in the next two years as the share of other sectors grow.
Piramal had a loan
