Khaitan advises Piramal Enterprises and IndiaReit on formation of debt fund platform
Khaitan & Co has advised Piramal Enterprises Ltd (India) (PEL) and IndiaReit Fund Advisors in relation to formation of a debt fund platform with initial aggregate size of $500m (£300m) where each of PEL and Canada Pension Plan Investment Board committed $250m.
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Key changes include the introduction of e-auctions for mineral concessions.
India intends to be a world player by 2020, and this policy is aimed at simplifying the import/export process.