India's Piramal Capital said to raise $153m from Barclays

India's Piramal Capital said to raise $153m from Barclays

Piramal Enterprises chairman Ajay Piramal Photo: Bloomberg

Billionaire Ajay Piramal’s shadow banking unit has borrowed 11 billion rupees ($153 million) from Barclays Plc to refinance part of its existing debt and extend new loans, according to people familiar with the development.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter