India: Piramal, IIFL Wealth to co-invest in AIF to back realty projects

India: Piramal, IIFL Wealth to co-invest in AIF to back realty projects

Photo: Mint

Piramal Group and IIFL Wealth Management Ltd on Wednesday said that they will co-invest in an alternative investment fund (AIF), which will back projects that are at an advanced stage and need last-mile funding.