India: Piramal Finance invests $62m in its small corporate lending platform

Photo: Mint

Piramal Finance Ltd, a unit of Piramal Enterprises Ltd, has sanctioned Rs400 crore for emerging and mid-market businesses through its newly launched Emerging Corporate Lending (ECL) vertical, the company said in a statement on Tuesday.

The ECL vertical was launched as a sector-agnostic platform that targets ticket sizes ranging from Rs10-100 crore, across manufacturing, trade and services sectors.

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