Global private equity firm Warburg Pincus is investing 1,800 crore for a minority stake in Piramal Realty, making it one of the biggest foreign direct investment deals in the Indian real estate sector..Cyril Amarchand Mangaldas acted for Piramal Realty with a team led by Partners Vandana Sekhri and Ravi Kumar..Shardul Amarchand Mangaldas acted for Warburg Pincus with a team led by Mumbai Managing Partner Akshay Chudasama..The capital raised would be used to expand Piramal Realty’s portfolio and acquire land parcels in and around Mumbai, according to Business Standard..Follow Bar and Bench channel on WhatsAppDownload the Bar and Bench Mobile app for instant access to the latest legal news.
