Piramal plan to sell non-core glass business to raise funds\, eyes $1 billion

MUMBAI: After unlocking value in his pharma business and flagship conglomerate, Ajay Piramal is now shifting focus to his private companies that are non-core to his empire to raise funds. Piramal has decided to sell his glass business at a time when the global pandemic has boosted pharma sales, world-wide.Bank of America and Axis Capital have been mandated to find buyers for Piramal Glass for a potential $800 million to $1 billion sale, said