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  • Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million Jun 27, 2020 10:07 AM IST

    Private equity firm Carlyle to buy a fifth of Piramal Ent's pharma business for nearly $490 million

    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.

  • Banks left with no choice but to park money with RBI: SBI Chairman Rajnish Kumar Jun 02, 2020 08:20 PM IST

    Banks left with no choice but to park money with RBI: SBI Chairman Rajnish Kumar

    "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.

  • Piramal Group to invest Rs 500cr in Telangana for facilities Jan 22, 2020 03:19 PM IST

    Piramal Group to invest Rs 500cr in Telangana for facilities

    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.

  • Piramal Group, IIFL Wealth set up Rs 2,000cr AIF to provide last mile funding to realty projects Dec 11, 2019 03:05 PM IST

    Piramal Group, IIFL Wealth set up Rs 2,000cr AIF to provide last mile funding to realty projects

    The AIF will be used to provide capital to tier-I developers in key markets across the country

  • Conflict of interests allegations against Piyush Goyal a political hit job: BJP Apr 28, 2018 08:27 PM IST

    Conflict of interests allegations against Piyush Goyal a political hit job: BJP

    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.

  • Piramal Realty appoints Naaman Atallah as CEO Mar 06, 2018 02:50 PM IST

    Piramal Realty appoints Naaman Atallah as CEO

    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 to give Rs 400 cr loan to AIPL for commercial projects Nov 13, 2017 02:19 PM IST

    Piramal to give Rs 400 cr loan to AIPL for commercial projects

    "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.

  • Piramal Realty to buy 3.2 acres in Mumbai for Rs 153 crore Oct 03, 2017 02:35 PM IST

    Piramal Realty to buy 3.2 acres in Mumbai for Rs 153 crore

    This land parcel is located next to its existing housing project 'Piramal Revanta' at Mulund in Mumbai, the company said in a statement.

  • IDFC-Shriram merger: What it means for various stakeholders? Jul 10, 2017 09:15 AM IST

    IDFC-Shriram merger: What it means for various stakeholders?

    Details are awaited, but most likely a holding company structure will emerge out of the merger of IDFC and Shriram Capital.

  • ITH, Tinplate among 4 cos that saw a good Q4 outing Apr 24, 2017 11:27 AM IST

    ITH, Tinplate among 4 cos that saw a good Q4 outing

    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 Realty to invest Rs 1800 cr in Mumbai project Mar 07, 2017 09:10 PM IST

    Piramal Realty to invest Rs 1800 cr in Mumbai project

    Piramal group's real estate firm Piramal Realty will invest Rs 1,800 crore to develop a new project in Mumbai.

  • Infosys to Piramal: How cos spin cash pile for rich returns Mar 04, 2017 12:45 PM IST

    Infosys to Piramal: How cos spin cash pile for rich returns

    Some companies are facing a developed world problem—cash far in excess of their needs. How should investors interpret this?

  • Piramal looking to consolidate hold over Shriram Group Jan 10, 2017 08:16 AM IST

    Piramal looking to consolidate hold over Shriram Group

    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 Fund to expand portfolio in commercial realty segment Nov 23, 2016 05:00 PM IST

    Piramal Fund to expand portfolio in commercial realty segment

    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 &#82

  • Piramal Fund to expand portfolio in commercial realty segment Nov 22, 2016 05:56 PM IST

    Piramal Fund to expand portfolio in commercial realty segment

    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: South Mumbai‘s new property hotspot Sep 27, 2016 11:12 AM IST

    Byculla: South Mumbai‘s new property hotspot

    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 &#82

  • Srinivasan, Piramal join Tata Sons as independent directors Aug 25, 2016 07:50 PM IST

    Srinivasan, Piramal join Tata Sons as independent directors

    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.

  • Piramal Realty awards Rs 700 cr contract to L&T Aug 19, 2016 04:28 PM IST

    Piramal Realty awards Rs 700 cr contract to L&T

    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 Inks Milestone Partnership with L&T Construction; Launches Exclusive Inventory of Elite Harbour Facing Suites Aug 19, 2016 03:30 PM IST

    Piramal Realty Inks Milestone Partnership with L&T Construction; Launches Exclusive Inventory of Elite Harbour Facing Suites

    Piramal Realty awards contract to India’s leading engineering and ...

  • Piramal Realty launches commercial project in Kurla Jul 29, 2016 09:42 AM IST

    Piramal Realty launches commercial project in Kurla

    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 to buy Lafarge's India cement assets for Rs 9,300 crore Jul 11, 2016 11:43 AM IST

    Nirma to buy Lafarge's India cement assets for Rs 9,300 crore

    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.

  • It's wrong to paint all promoters with the same brush: Piramal Jun 27, 2016 11:42 AM IST

    It's wrong to paint all promoters with the same brush: Piramal

    Ajay Piramal, Chairman of Piramal Group, said the success of S4A depends on the company and its promoters.

  • Piramal Fund to provide line of credit to select developers Feb 23, 2016 10:08 PM IST

    Piramal Fund to provide line of credit to select developers

    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.

  • Piramal gets director panel nod to raise up to Rs 500 cr Jan 06, 2016 09:08 AM IST

    Piramal gets director panel nod to raise up to Rs 500 cr

    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.

  • Plan to expand in Rajasthan via Shriram Grp: Swati Piramal Nov 19, 2015 12:45 PM IST

    Plan to expand in Rajasthan via Shriram Grp: Swati Piramal

    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.

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