Q:As per the plan, Piramal Enterprises Limited will carve out its financial services business and merge it with IL&FS in an all stock deal to create about Rs 15000 crore company,
Latest Answer: Right Dhiraj,
Such deals will continue in both financial services and infrastructure by the company to enable better net worth in operating companies. A merger of this size will give IL&FS enough capital from Piramal for future growth.
Latest Answer: Right Amreesh,
In addition, such large sums have not been put resources into Indian realty since 2008-09. Right after the financial crisis, triggered by the breakdown of Lehman Brothers in September 2008, PE transactions in the domestic real estate sector had contracted in numbers as well as in ticket size.
Latest Answer: And this deals will also provide construction finance to real estate companies for commercial projects, which typically is a challenge for the industry.