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Indiabulls to have majority stake in Piramyd Retail

In an effort to accelerate growth and put together the desired capital, retail major Piramyd Retail has divested its 63.9 per cent stake to Indiabulls Real Estate (IBREL). Confirming the news, Nandan Piramal, vice chairman and managing director, Piramyd, told...

Indiabulls makes open offer to shareholders

With the acquisition of Piramyd Retail by Indiabulls Wholesale Services, the retail arm of Indiabulls Real Estate, Edelweiss Capital, has made an open offer to the shareholders of Piramyd Retail to buy up to 40,32,750 shares at Rs 74.73...
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