Piramal, IIFL Wealth to offer ₹2000 crore last-mile funding to realty projects1 min read . Updated: 11 Dec 2019, 02:15 PM IST
- The AIF with a target corpus of ₹2,000 crore, will provide capital to established developers in key cities
- This will see Piramal Group facilitating external capital alongside its lending business
Bengaluru: Piramal Group and IIFL Wealth Management Ltd on Wednesday said that they will co-invest in an alternative investment fund (AIF), which will back projects that are at an advanced stage and need last-mile funding.
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