Processing .....please wait.. 
The article has been forwarded.... 
Piramal Healthcare plans to buy real estate PE Fund
By siliconindia
Mumbai: Piramal Healthcare, a Ajay Piramal Group company, plans to buy Indiareit Fund Advisors, a real estate Private Equity Fund, focused on the Indian Market, for 
110 crore. Plans are also to start two non-banking financial services companies with 1,000 crore and will not invest in its own real estate companies.
The company has planned to enter the financial services business, including lending and fund management for infrastructure and allied sectors. They recently sold their core business of formulations to Abbott for $3.7 billion.
The company also sold their diagnostic services business to Super Religare Laboratories for 600 crore. Billionaire brothers Malvinder and Shivinder Singh who control Fortis Healthcare (India) own super Religare Laboratories.
110 crore. Plans are also to start two non-banking financial services companies with 1,000 crore and will not invest in its own real estate companies.
The company has planned to enter the financial services business, including lending and fund management for infrastructure and allied sectors. They recently sold their core business of formulations to Abbott for $3.7 billion.
The company also sold their diagnostic services business to Super Religare Laboratories for 600 crore. Billionaire brothers Malvinder and Shivinder Singh who control Fortis Healthcare (India) own super Religare Laboratories.
