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Piramal loans Rs 450 crore for Hyderabad project

Piramal loans Rs 450 crore for Hyderabad project

Saturday, April 15, 2017, 7:17 AM

Piramal Finance Pvt. Ltd, which houses the entire financial-services business of the Piramal Group, has lent Rs.450 crore to a joint venture between Bengaluru-based developer Embassy Group and Hyderabad’s Phoenix Group, which is developing three SEZs in Hyderabad.The money has been given in the form of construction finance to procure approvals and develop the SEZs, which will be built across 10 million sq. ft.
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