Piramal, IIFL Wealth seek to raise 20B rupees for alternative investment fund
Gauging the Impact of Rate Changes, Growth, and Foreign Fluctuations on the US Economy
2023 Big Picture: US Consumer Survey Results
Insight Weekly: Bank mergers of equals return; energy tops S&P 500; green bond sales to rise
Insight Weekly: US companies boost liquidity; auto insurers hike rates; office sector risk rises
Piramal Group and IIFL Wealth Management Ltd. are aiming to raise 20 billion rupees for an alternative investment fund to back advance stage or last-mile realty projects in India's key cities.
According to a Dec. 11 media release, the group will also use external capital on a fund or co-investment basis alongside its lending business.
As of Dec. 11, US$1 was equivalent to 70.76 rupees.
