Piramal Enterprises to adjust ₹3,164 cr AIF exposure to comply with RBI order
Piramal says as of Nov 2023, its investments in AIF units were ₹3,817 cr, of which funds worth ₹653 cr have no exposure to any debtor firms
Piramal says as of Nov 2023, its investments in AIF units were ₹3,817 cr, of which funds worth ₹653 cr have no exposure to any debtor firms
The Piramal Group company aims to have a team of over 300 professionals at the Innovation Lab in Bengaluru by the end of FY23.
Post-merger, Piramal Capital is looking at five times jump in the retail portfolio.
Analysts and bankers believe that the high quality retail banking division will get a raft of suitors.
Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
Lenders are to decide the fate of more than 55,000 fixed deposit holders in two days. In all likelihood, they will lose over 60% of their investments.
Are conglomerates making a comeback or have they completely lost all relevance?They’ve never really gone away, at least in India. Here’s why they are unlikely to vanish in the future either.