NIFTY 50

Piramal Group in talks with private equity players for funding

Updated : September 27, 2019 11:21 PM IST

Diversified global business conglomerate, Piramal Group has begun discussions with reputed global private equity players for funding. 

In an interview to CNBC-TV18's Prashant Nair, Ajay Piramal, chairman, said, "There are several private equity firms that we are talking to. Even at that time I did not want to name one or any particular one but I can only say that there are several of them whom we are in talks with."

"Around the time that you broke the news about us trying to raise equity, I had then made a public announcement that sometime in this fiscal year, we would raise a billion dollars and I think we are still on track to do that," he added.
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