Page 5 - Piramal

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 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 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 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 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