Page 6 - Piramal Group

From Tata Power to TVS, over 320 firms queue up for moratorium breather

Piramal, Tata Power, and TVS group units figure in list

Piramal Realty to foray into development management biz, value housing

Under development management, a developer takes care of the design, construction, marketing, and sales of a project for a fee from the original landowner/developer

Piramal Group to invest Rs 500 crore in pharma operations in Telangana

The announcement was made by Telangana government following a meeting between Piramal group chairman Ajay Piraml and state IT and Industries Minister K T Rama Rao at Davos

Repayment default: Peninsula Land blames it on delayed rent from tax dept

At present, the company's total debt including short-term and long-term facilities stand at Rs 1,630.65 crore and it owes Rs 999.74 crore to banks and financial institutions

Piramal-backed Indiareit Fund exits from Skylark's Bengaluru project

The transaction, facilitated by property consultant JLL, included sale of a prime commercial land parcel on Richmond Road in Bengaluru's central business district to SNC

Piramal ties up with IIFL to launch Rs 2000-crore AIF for realty projects

With this, Piramal would also be facilitating external capital (on a fund or co-investment basis) alongside its lending business

Realty sector slowdown: Rise and fall of Ashok Piramal's Peninsula Land

The company has been making operating losses for the past three years, thereby struggling to pay interest charges

Facing realty: Slowdown in real estate sector hits Peninsula Land hard

It also has real estate funds with Brookfield of Canada, thus, becoming one of the first companies to start a trend of real estate company co-investing with a global fund manager

ICRA downgrades Peninsula Land's debentures to 'C', cites debt servicing

The company, which is part of the Ashok Piramal Group, till July 2019 had Rs 2,310 crore in debts on a consolidated basis

Piramal will have to raise Rs 3,033 crore to meet financial commitments

Group holds 20% in unlisted Shriram Capital and another 10% in Shriram City Union

Icra downgrades Piramal holding firm's debt rating, cites liquidity crunch

The downgrade comes at a time when group flagship Piramal Enterprises is planning a rights issue worth Rs 3,650 crore

Brickwork downgrades Peninsula Lands debentures from 'A' to 'BBB-'

The rating downgrade factors in high refinancing risk given consolidated ongoing project debt repayments of Rs 663 cr from July 2019 to March 2020 and Rs 417 cr in FY21, as there is slowdown in sales

RCap in talks with 4 investors to divest stake in Reliance Home Finance

Reliance Home Finance is also looking to wind down its book and focus on the retail segment, which is valued at about Rs 4,000 crore

Piramal's real estate fund seeks extension of one more year from investors

Piramal Fund Management said the fund was launched in 2013 with a primary tenure of six years, extendable by up to two additional one-year periods, by the trustee

After 6 years in Shriram, Piramal spends 6 months looking for exit

Thyagarajan says there won't be any vacuum as every firm has independent management

Piramal Capital & Housing to raise $150 million from IFC

IFC's loan will be utilized for on-lending to the retail housing finance sector

Piramal reduces lending to realty developers, looks to derisk its portfolio

Company had a loan book of Rs 527.93 bn in Q2FY19

Indian tycoon Ajay Piramal weighs $1 billion contract pharma sale

Piramal Pharma Solutions is a contract development and manufacturing organisation, which provides services including drug discovery and commercial production to other healthcare firms

Piramal plans big splash in consumer products biz, eyes Rs 10 bn revenue

Ajay Piramal, chairman of Piramal Enterprises, indicated a few months ago that the firm was exploring a possible re-entry into the domestic formulations market

Piramal Finance, Ivanhoe may scale up realty investment to $500 million

Though the corpus was to be deployed in three years time, sources said the partners expected it to be depleted by June, one-and-a-half-years after its launch