Piramal Enterprises' private equity fund Indiareit Fund Advisors will be acting as the investment advisor for the IIFL Income Opportunities Fund - Series 'Special Situations', the brokerage firm said in a statement.
Indiareit continues with its plans to raise up to Rs 1,000 crore for the fund, it said in a statement.
Real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors, today said it has invested Rs 200 crore in realty projects in Mumbai, Bangalore and Pune.
Private equity arm of Piramal Enterprises, Indiareit Fund Advisors, today said it exited from three funds and a third-party mandate worth Rs 440 crore.
Pharma major Piramal Healthcare is expanding into the financial services sector and plans to set up two NBFCs which will lend to infrastructure and other sectors.