Piramal Enterprises has invested around Rs1,400 crore in Omkar’s ongoing luxury project Omkar 1973 at Mumbai’s Worli. Ltd has raised Rs125 crore of debt from KKR India Asset Finance Pvt. KKR India did not respond to email queries. Last year, Omkar Realtors & Developers raised Rs120 crore from Peninsula Brookfield Investment Managers Pvt. The property investment platform of Ajay Piramal-owned Piramal Enterprises Ltd has invested around Rs1,400 crore in Omkar’s ongoing luxury project Omkar 1973 at Mumbai’s Worli, including Rs1,200 crore debt and Rs200 crore in equity.

Source: Mint November 09, 2017 05:03 UTC