The transaction values the Piramal Pharma at an enterprise value (EV) of $2.77 billion with an upside component of up to $360 million depending on the company’s FY21 performance.
"The doomsday scenario on banks with respect to Non-Performing Assets (NPAs) is overstated, but we don't know what will happen after six months," he said.
Minister for Industries and IT KT Rama Rao who is currently in Davos attending the annual meeting of World Economic Forum met Piramal Group chairman Ajay Piramal on Tuesday, it said.
The AIF will be used to provide capital to tier-I developers in key markets across the country
The BJP said facts show absolutely no wrongdoing or irregularity as he stopped all business activities and resigned from all directorships after he became a minister.
Atallah was formerly the CEO of Dubai Properties and was leading a portfolio of 144 projects worth USD 30 billion which included residential, commercial, retail and hospitality developments, the company said in a statement.
"Piramal Group has sanctioned Rs 400 crore loan against AIPL group's commercial assets including 'AIPL Joy Central' which will be the group's marquee commercial mixed use project located in Sector 65, Gurugram just off Golf Course Extension Road," the company said in a statement.
This land parcel is located next to its existing housing project 'Piramal Revanta' at Mulund in Mumbai, the company said in a statement.
Details are awaited, but most likely a holding company structure will emerge out of the merger of IDFC and Shriram Capital.
Coming on the back of a very substantial rally, the Rs 125 crore market cap company Amal Ltd reported good numbers. The company was promoted by Piramal Group in 1974-75, the controlling interest was sold to Atul Ltd of Lalbhai Group in 1985-86.
Piramal group's real estate firm Piramal Realty will invest Rs 1,800 crore to develop a new project in Mumbai.
Some companies are facing a developed world problemâ€”cash far in excess of their needs. How should investors interpret this?
Ajay Piramal is likely to raise his stake in Shriram Capital to one-thirds from one-fifths, reports The Economic Times. The Piramal Enterprises Chairman will also be naming an executive as the CEO.
Piramal Group’s financial services arm, Piramal Fund Management (PFM), plans to expand its portfolio in the commercial segment, by offering flexi lease rental discounting (LRD) for completed commercial assets and is targeting a book R
PFM has identified an initial pipeline of transactions worth Rs 1,500 crore for two deals with one each in Mumbai and Bengaluru, company's Managing Director Khushru Jijina told PTI here.
Byculla, a suburb in south Mumbai, has a rich cultural heritage. In the 1800s, Byculla was a prestigious European enclave and home to the rich and famous, including Baghdad‘s treasurer, Sir David Sassoon, who R
Srinivasan was conferred with the JRD Tata Corporate Leadership Award by the All India Management Association for his contribution to leadership and management, and the Jamsetji Tata Lifetime Achievement award by the Indian Society for Quality in 2004.
The Mumbai-based realty firm is developing a project in Byculla - Piramal Aranya - with the total investment pegged at Rs 4,450 crore, including land, and project development and execution costs, the company said in a statement today.
Piramal Realty awards contract to India’s leading engineering and ...
Spread over 16.25 acres, the project, to be developed as a corporate park, will have independent buildings and multi-format office spaces ranging from over 3,200 sqft carpet area to over 1,00,000 sqft of contiguous carpet area on a single floor plate, the company said in a statement here.
Nirma on Monday confirmed that it has bought LarfargeHolicm's India assets for an enterprise value of USD 1.4 billion (Rs 9300 crore plus) for 11 million tonne capacity.
Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.
The firm has announced 'Piramal Preferred Partner' programme whereby developers selected by the company are allowed to draw from a pre-sanctioned limit to pursue opportunistic acquisitions, Piramal Fund Management said in a statement.
The committee of directors (funding) has approved the issue of secured non-convertible debentures amounting up to Rs 500 crore, Piramal Enterprises said in a regulatory filing. The company, however, did not specify the purpose for the fund raising.
Piramal Group already has a strong presence in Rajasthan and the group is keen on expanding in the state via Shriram Group, said Swati Piramal of Piramal Group.