Piramal Enterprises to make provisions for Rs 3,164 cr AIF exposure as RBI tightens rules

Piramal Enterprises has announced a provision of over Rs 3,000 crore for its investments in alternative investment funds (AIFs) linked to companies with lending exposures. This move is expected to impact the company’s earnings for FY24, with analysts predicting a loss exceeding Rs 2,200 crore.

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