SoftBank plans to invest $1 billion in Piramal group, talks in final stage

Cash is likely to go to Piramal's financial services subsidiary

Masayoshi Son-led SoftBank is in the final stages of due diligence for investing $1 billion in Piramal Enterprises, it is learnt. The cash will go to the Mumbai-based company’s financial services arm, which primarily deals in wholesale and corporate debt, a source in the know said. The deal would peg the value of the financial services arm of Piramal Group at over $4 billion, estimates suggest.

The Japanese conglomerate is likely to route this investment through its $100-billion vision fund, the source said. 

The two sides have been locked in conversation for a few weeks now and the handshake agreement was done