Piramal Enterprises (PEL) gained after it announced a strategic alliance with APG Asset Management for investing in rupee denominated mezzanine instruments issued by infrastructure companies in India with a target investment of USD 1 billion over the next 3 years.

PEL and APG have each initially committed USD 375 million for investments under this strategic alliance.

Shares of the company gained Rs 5.7, or 0.9%, to trade at Rs 640.30. The total volume of shares traded was 1,276 at the BSE (9.39 a.m., Wednesday).

The scrip has touched an intra-day high of Rs 642.30 and low of Rs 640. The total volume of shares traded at the BSE is 1,276.