India: Piramal Finance invests $58m in affordable housing firm Mahaveer

India: Piramal Finance invests $58m in affordable housing firm Mahaveer

A boy plays on a swing suspended from a tree in front of a residential estate under construction in Kolkata October 31, 2011. REUTERS/Rupak De Chowdhuri

Affordable housing company Mahaveer Group has raised Rs380 crore from Piramal Finance Ltd for five of its projects in Bengaluru, three people familiar with the transaction said.

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