India: CDPQ to invest $250m in Piramal Enterprises

India: CDPQ to invest $250m in Piramal Enterprises

Photo: Mint

Billionaire businessman Ajay Piramal-led Piramal Enterprises Ltd, which has been desperately attempting to raise money over the past six months to repay debts and support growth, on Friday, said it is going to raise 1,750 crore via a preferential allotment of shares to Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ).