 "ajay piramal, piramal enterprise")
Piramal Enterprises is seeking new investors including hedge funds to help raise cash and fund working capital for the real estate projects it lends to so they don’t languish half built.
The firm controlled by billionaire Ajay Piramal is looking to bring in investors alongside its real estate-focused shadow bank unit to help complete projects, said Khushru Jijina, managing director of Piramal Capital & Housing Finance. The focus is on developers the lender has already provided loans to, Jijina said in an interview.
India’s real estate market is grappling with a lingering lockdown that’s slowed construction and sharply crimped new sales in
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