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Piramal Housing Finance

Piramal’s Real Estate financing arms to raise Rs 2,400-crore debt

Piramal Capital and Housing Finance (PCHF) and PHL Fininvest Pvt Ltd (PHLF) will issue Pass Through Certificates (PTCs) offering 10.50 per cent through a special purpose vehicle called ‘Master Trust 2019 Series I’. The Piramal Group’s real estate financing arms are in the process of raising about Rs 2,400 crore through a structured debt deal that will offer a new credit line to billionaire Ajay...

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