Partners in final stages of deploying three more deals in Mumbai, Delhi and Chennai.
The USD 500 million strategic real estate partnership between Ajay Piramal-promoted Piramal Enterprises & Canada Pension Plan Investment Board has kick-started. After investing with Delhi-based AIPL, the partners are in process of signing three more deals in the next two months in Mumbai, Delhi and Chennai.
“We are in the final stages of deploying or term sheeting three more deals which hopefully in the next 60-75 days should be deployed. With that out of the USD 250 million TISS or the part of CPP, USD 80 million we will be able to deploy,” Khushru Jijina MD, Piramal Fund Management told CNBC-TV18.