Piramal Enterprises shares drop 6% on merger plan
The board has approved merger of Piramal Enterprises and its unlisted subsidiary Piramal Capital and Housing Finance into a single entity, renaming it as Piramal Finance.
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Piramal Ent arm to acquire office space in Mumbai; stock surges
Piramal Enterprises says it will also keep aside funds to cover exposure to AIFs
Piramal Enterprises to adjust ₹3,164 cr AIF exposure to comply with RBI order
Piramal says as of Nov 2023, its investments in AIF units were ₹3,817 cr, of which funds worth ₹653 cr have no exposure to any debtor firms
Piramal Enterprises approves share buyback worth ₹1,750 cr
Buyback represents 5.87% of total paid-up equity share capital at ₹1,250 apiece, a 16.51% premium over Friday's closing price
Piramal Enterprises to sell its entire 8.34% stake Shriram Finance; stock jumps 13%
Piramal Enterprises will sell 3.1 crore shares in Shriram Finance at a floor price of ₹1,483 per share, a discount of 5% to Tuesday’s closing price on the BSE.
Ajay Piramal begins 2nd innings in pharma
Lists Piramal Pharma Ltd (PPL) on stock exchanges, with 35% stake with Piramal family and 20% with Carlyle Group.
Piramal Pharma hits 5% lower circuit on listing
Shares of Piramal Pharma opened at ₹201.80 on the BSE, while it declined 5% to hit a lower circuit of ₹191.75.
Piramal demerges pharma business, to list on stock exchanges
Restructuring to simplify corporate structure, create two separate listed entities.
Piramal enters affordable housing with ₹34,250 cr DHFL buy
The acquisition—which entails PCHFL’s merger with DHFL—will create one of the largest affordable housing finance companies in India.
Why transformation is a buzzword at Piramal
Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
