Shapoorji Pallonji Group has floated a $500 million private equity fund, mainly focused on real estate, marking its return to the financial services industry.
One of the country’s richest and low-profile business conglomerates will be joining the growing list of Indian corporates such as Tata, Aditya Birla, and Anil Dhirubhai Ambani Group (ADAG) in the private equity play with its Mauritius registered fund, STREF.
