Piramal Enterprises Ltd (PEL) has plans to invest $1 bn over the next three years in infrastructure companies in India. For this, the company has entered into an alliance with Dutch pension fund asset manager APG Asset Management. Under the agreement, the partners have agreed to dedicate $375 mn each for investments under this alliance. The alliance is consistent with PELs long-term plan and vision of playing a contributing role towards investments that promote growth.
Contact: Piramal Enterprises.