Piramal Finance’s Emerging Corporate Lending vertical was launched as a sector-agnostic platform that targets ticket sizes ranging from Rs10-100 crore, across manufacturing, trade and services sectors. More From Livemint »Mumbai: Piramal Finance Ltd, a unit of Piramal Enterprises Ltd, has sanctioned Rs400 crore for emerging and mid-market businesses through its newly launched Emerging Corporate Lending (ECL) vertical, the company said in a statement on Tuesday. Piramal Finance in recent months has been broadening its offerings and sector focus. Last month, Piramal Finance invested Rs485 crore in logistics solutions provider Apollo LogiSolutions, a unit of Onkar Kanwar-led Apollo International Ltd. The investments were made through the Corporate Finance Group (CFG), earlier known as the Structured Finance Group, of Piramal Finance.

Source: Mint July 25, 2017 19:26 UTC