Piramal owns an 11 per cent stake in Vodafone India.
The company has identified Global Technical Systems, a US based surveillance technology developer, as a collaborative partners in India.
His strategy of acquiring cheap assets and selling at high valuations may not have impressed shareholders, but after the mega deal with Vodafone peers are quick to compare him with the Oracle of Omaha.
Even after investing almost Rs 6,000 crore, Ajay Piramal, chairman of the company, insists it is a short-term investment.
Ajay Piramal bets highly on infrastructure, realty
The football legend shared the VIP box with movie stars and businesspeople.
In an LBD livened up with silver, Radhika Merchant made an elegant appearance.
Nandini Piramal, heir apparent to the Piramal business empire as the elder child of Ajay Piramal and Swati Piramal, became the executive director of Piramal Healthcare in April this year. A 29-year-old graduate from Hertford College of Oxford University, with an MBA from the Stanford Graduate School of Business, she joined the firm in 2006 as a General Manager and has been closely associated with the company's overseas subsidiaries in the US and Canada.
The newly weds look so cute together.
Religare, promoted by billionaire brothers Malvinder and Shivinder Mohan Singh, was in talks with Piramal for six to eight months to buy nearly 80 per cent in Indiareit for around Rs 300 crore (Rs 3 billion).
Hint: She's closely related to the bride, Radhika Merchant.
According to sources, Piramal has plans to sell part of Gulita, his sea-facing property in Worli, Mumbai, for Rs 450-500 crore (Rs 4.5-5 billion).
Piramal-led company had announced the purchase of a 5.5 per cent stake in Vodafone Essar for $640 million.
The Harvard alum has known the Yale alum for ages, but hit it off recently.
Pays $640 million, may exit when Vodafone lists its India operations.
Glitz, glamour and lots of joy marked the celebration.
Nicholas Piramal India Ltd has bought out the balance 50 per cent stake in Sarabhai Piramal Pharmaceuticals Ltd from Ambalal Sarabhai Enterprises (ASE) for Rs 69.3 crore (Rs 693 million) in an all cash deal to consolidate its presence in pharmaceutic
The celebrations continued with the mehendi ceremony for Radhika Merchant and Anant Ambani.
Rajinikanth's older daughter Aishwaryaa gave us a little preview of her parents' visit to Jamnagar for the pre-wedding celebrations of Radhika Merchant and Anant Ambani.
Piramal Enterprises (PEL) on Wednesday said it has completed the acquisition of Dewan Housing Finance (DHFL) by paying Rs 34,250 crore to creditors of the housing finance company. The company said the creditors of DHFL, including fixed deposit (FD) holders, would recover an aggregate amount of Rs 38,000 crore from the resolution process of DHFL. The amount comprises approximately Rs 34,250 crore to be paid by Piramal Capital and Housing Finance Ltd (PCHFL) as a combination of cash and NCDs, and an amount of approximately Rs 3,800 crore which is the entitlement of creditors as per the resolution plan from the cash balance available with DHFL, the company said.
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
While about 8,000 people are in the long list of invitees, the select list features just a few hundred people, including prominent politicians, leading industrialists, top film stars, sportspersons, bureaucrats and diplomats.
In one of the largest FDI deals in realty sector, global private equity Warburg Pincus will invest Rs 1,800 crore (Rs 18 billion) in Piramal Realty, which would use the funds to develop mixed-use projects in the megalopolis.
Piramal, controlled by billionaire Ajay Piramal, and APG will invest in local infrastructure companies through rupee-denominated mezzanine instruments.
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In the process, Vodafone India's valuation rose 48.39 per cent since February 2012, when Piramal Enterprises bought 5.5 per cent stake in Vodafone India for Rs 3,007 crore (Rs 30.07 billion).
Piramal Fund Management has emerged as the largest lender to real estate developers at a time when the sector is facing severe slowdown.
When the third round of bids was opened, Oaktree's offer was the highest, but with several riders. While Piramal offered higher upfront cash and offered to merge its financial business with DHFL, Adani was ranked third in the race, reports Dev Chatterjee.
Tatas, Ambanis, Adanis, Birlas contributed an average of Rs 800 crore to Rs 1,000 crore per family group.
The UP government said Yogi returned with investment proposals worth over Rs 5 lakh crore from Mumbai.
Canada Pension Plan Investment Board has stringent processes and systems, which are proving to be a stumbling block
'Younger people are taking steps to prevent lifestyle diseases.'
'It is fascinating to partner with consumers on the journey of self-discovery and to help shape people's preferences -- that is what I find most exciting,' Nandini Piramal tells Abhineet Kumar and Aneesh Phadnis.
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
The first wedding card was offered by Ambani family at Siddhivinayak temple in Mumbai.
The Piramals have said in a media statement that reports suggesting that the Piramal family is heading for a split are 'completely wrong and baseless.'
The Vodafone stake yields Piramal 52% return in 2 years.
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