Piramal, Canada's CPPIB form $500 million realty investment fund

Piramal Enterprises has formed a strategic alliance with Canada Pension Plan Investment Board (CPPIB) to provide rupee debt financing to residential projects in Indian cities, the company said on Wednesday. Piramal and CPPIB will initially invest $250 million each in the venture, which will focus on providing project-level debt to local developers across Mumbai, Delhi region, Bangalore, Pune and Chennai markets, it said. The ...