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.
