 "Lodhas Developers")
Piramal Capital & Housing Finance is looking to reduce its Rs 1,000 crore of loan exposure to Lodha Developers in the first quarter of the financial year 2019-20 (Q1FY20).
“As part of our recent annual results, we had announced that we would look to systematically bring down our single borrower exposure to Lodha Developers. In line with that focus, Rs 1,000 crore will be reduced within this quarter itself,” a Piramal spokesperson said. “In addition, we have also received prepayments/repayments of Rs 200 crore YTD (year-to-date),” the spokesperson said.
Reports on Wednesday said Piramal is in talks with Goldman Sachs to sell
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