Piramal Group’s financial services arm Primal Fund Management (PFM) has surpassed Rs 10,000 crore in aggregate investments in South India, the company’s proprietary book stated.
This forms one third of the firm’s commitment to clearing Rs 32,000 crore debt and equity to real estate developers across India.
According to Piramal, the Rs 10,000 crore milestone was aided by a focused approach in treating Bangalore, Hyderabad and Chennai as a single region, where synergies were drawn with tier 1 developers from existing and new relationships, besides leveraging Piramal Fund’s ability to sanction large deals across the capital stack.
Read more: Business Standard
