Piramal loans Rs450 crore for Hyderabad project
Piramal has lent the money to a joint venture between Embassy Group and Phoenix Group, to develop three SEZs across 10 million sq. ft. in Hyderabad
Bengaluru: Piramal Finance Pvt. Ltd, which houses the entire financial services business of the Piramal Group, has lent Rs450 crore to a joint venture between Bengaluru-based developer Embassy Group and Hyderabad’s Phoenix Group, which is developing three special economic zones (SEZs) in Hyderabad, company executives said.