 "construction, real estate")
US-based private equity (PE) fund Apollo Global Management, Inc. is in final stages of talks with Piramal Capital & Housing Finance, part of Piramal Enterprises, on a loan of $300-500 million (Rs 2,220-3,700 crore), according to sources in the know.
This will be the one of the largest debt deals in home finance/non-banking finance this year.
The deal is structured in such a way that Apollo will come in as senior lender in certain developer loans Piramal will give. By that, it (Apollo) will have the first rights on a project’s cash flow.
Apollo will get a choice to pick
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