Page 5 - Piramal
Trying to bring Shriram Group units under one unit, says Ajay Piramal
Piramal Enterprises has a 20% stake in unlisted Shriram Capital and 10% each in Shriram Transport and Shriram City Union
 "Trying to bring Shriram Group units under one unit, says Ajay Piramal")
Piramal Enterprises plans to raise up to Rs 26.50 bn through NCDs
The NCDs are proposed to be listed in the wholesale debt market segment of the NSE, the company said
 "Piramal Enterprises plans to raise up to Rs 26.50 bn through NCDs")
Piramal to back Chennai-based Appaswamy group, sanctions Rs 2 bn
Funding will help recipient firm acquire 3.34 acres in Chennai, develop a premium residential project with potential revenue in excess of Rs 10 bn
 "Piramal to back Chennai-based Appaswamy group, sanctions Rs 2 bn")
Piramal gives Rs 1,100 crore to Embassy for southern projects
Piramal Enterprises Limited through its subsidiary Piramal Finance Limited (PFL) has financed the Embassy Group for an amount of Rs 1100 crore. The money will support company's project in South India.This is a Loan investment, debt investment at a corporate level, said the company. This funding has been done sequentially across both residential and commercial projects in Bangalore, Chennai and Hyderabad over a span of the last six months. PFL first funded Rs 360 crore towards Embassy Residences in Chennai - a premium residential project spread over 25 acres with ~0.3 million sq. ft. of built up area and followed up with an investment in Phoenix-Embassy which is a joint venture between Embassy and Phoenix Group of Hyderabad.The JV is developing ~1.5 million sq. ft. of grade-A commercial space in the financial district of Hyderabad with a potential to develop a further 4 million sq ft. Subsequently, PFL has provided INR650cr of growth capital to the Embassy Group in Bangalore.The ...
 "Piramal gives Rs 1,100 crore to Embassy for southern projects")
Piramal to acquire 5 brands from Janssen Pharma
Janssen Pharmaceutica, can earn up to an additional $20 million if the product portfolio achieves certain agreed financial milestones
 "Piramal to acquire 5 brands from Janssen Pharma")
Piramal to buy four Pfizer brands for Rs 110 cr
Would also purchase trademark rights for Ferradol and Waterbury's Compound in Bangladesh and Sri Lanka
 "Piramal to buy four Pfizer brands for Rs 110 cr")
Piramal directors give nod to raise to raise Rs 100 crore
Shares of the company closed 2.19% up at Rs 957.55 apiece on BSE
 "Piramal directors give nod to raise to raise Rs 100 crore")