India: Ajay Piramal mulls IPOs for two units to boost market value of group

India: Ajay Piramal mulls IPOs for two units to boost market value of group

Piramal Enterprises chairman Ajay Piramal Photo: Bloomberg

Indian billionaire Ajay Piramal is considering initial public offerings for two of his units and plans to expand his financial services division to boost market capitalization of his conglomerate to $20 billion by 2020.

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