Exclusive content, features, opinions and comment - hand-picked by our editors, just for you.
Pick 5 of your favourite companies. Get a daily email with all the news updates on them.
Track the industry of your choice with a daily newsletter specific to that industry.
Stay on top of your investments. Track stock prices in your portfolio.
NOTE :
This product is a monthly auto renewal product.
Cancellation Policy: You can cancel any time in the future without assigning any reasons, but 48 hours prior to your card being charged for renewal. We do not offer any refunds.
To cancel, communicate from your registered email id and send the mail with the request to assist@bsmail.in. Include your contact number for easy reference. Requests mailed to any other ID will not be acknowledged or actioned upon.
The new company, Piramal Alternatives, will have assets worth Rs 11,000 crore under management.
Piramal has a joint venture with Canadian pension fund manager CPPIB to provide loan to property developers.
And, with CDPQ, it has a joint venture to give equity to developers.
Piramal has onboarded Kalpesh Kikani as chief executive officer (CEO).
Piramal recently won the bid for Dewan Housing Finance Corporation, the stressed mortgage lender, and is planning to expand its retail lending business.
“While globally, alternatives assets have grown rapidly over the last 10 years to over $11 trillion, in India, the asset class has grown much faster at over a 20 per cent compound annual growth rate (CAGR), making it one of its highest growth opportunities. Our desire is to create a world class alternatives business, across multiple asset classes, that helps fill a significant deficit of long-term risk capital needed by Indian businesses. The alternatives business is another step in build