Piramal Finance sanctions additional Rs 7 billion to dditional via bondsACME Solar Holdings

Piramal Finance Limited (PFL), a subsidiary of Piramal Enterprises Limited, has extended Rs 7 billon to ACME Solar Holdings Limited. The deal was made through PFL’s Corporate Finance Group under a flexi line of credit for the renewable energy sector. Under the flexi line of credit, PFL will provide funds to the borrower based on operational projects, with the flexibility to draw/repay during the tenor. Earlier in July 2016, PFL had invested Rs 4.99 billion in ACME.