Piramal

Photo: Vyapaar Samachar

Piramal Group To Sell It's Glass Business For $1 Billion To US' Blackstone

Blackstone Inc, the US capital major, is reportedly in negotiations to acquire the Indian firm Piramal Enterprises' glass sector worth over $1 Billion. The US firm is already in discussions with banks to finance the transaction with a five year loan worth $400 million. To boost capital, Piramal is eyeing to sell some non-core businesses. Earlier in June Piramal had sold 20% shares of its pharmaceutical unit to Carlyle, US.

Thu, 12 Nov 2020 - 01:14 PM / by Sakshi Amrutkar

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