India: Piramal Enterprises to restructure financial services biz under new entity

India: Piramal Enterprises to restructure financial services biz under new entity

Piramal Fund Management MD Khushru Jijina had in September indicated that the SFG would focus on a wider portfolio of products to help firms meet financing requirements. Photo: Abhijit Bhatlekar/Mint

Piramal Enterprises Ltd is restructuring its financial services business by consolidating its real estate and non-real estate financing arms and the newest housing finance business under a single new entity, Piramal Capital, to offer end-to-end lending solutions as well as expand into new territory in future.

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