India: Piramal to partner pension fund to launch $250m realty platform

Photo: Ramesh Pathania/Mint

Piramal Fund Management Pvt. Ltd, part of Piramal Capital, the financial services unit of Piramal Enterprises Ltd, is set to launch a $250 million (about Rs.1,600 crore) platform with a pension fund to undertake equity investments in residential projects, said a senior executive of the fund while declining to name the partner.

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