Piramal Enterprises will sell its entire stake of 20% in Shriram Investment Holdings Private Limited to Shriram Ownership Trust for Rs 1,440 crore, with the transaction expected to be completed by the end of this...
Piramal Enterprises to acquire 10.4% stake in Annapurna Finance for ₹300 crore
Piramal Alternatives Trust (PAT), a wholly-owned subsidiary of Piramal Enterprises, will acquire a 10.4% stake in Annapurna Finance for ₹300 crore. Annapurna Finance is a non-banking financial company, headquartered in...
Ajay Piramal may look to buy a state-run bank
The Piramal Group, which owns a non-bank financier, is weighing acquisitions to enter the banking space and may look at public sector banks (PSBs) that the government puts on the block, group chairman Ajay Piramal said...
Piramal partner Cosmea exits race to acquire R-Capital
Cosmea Financial Holdings, which partnered with Piramal Enterprises to bid for the Anil Ambani-promoted Reliance Capital, has told the debt-laden financial services company’s administrator it is exiting the...
Piramal Enterprises to raise up to ₹650 cr through NCDs
Piramal Enterprises said its board has approved raising of up to ₹650 crore by issuing non-convertible debentures. The size of the issue is up to ₹50 crore with an option to retain over subscription of up to ₹600 crore...
Piramal, Zurich Insurance mull joint bid for Reliance General Insurance
Piramal Group and Zurich Insurance plan to form a joint venture for taking over Reliance General Insurance, a subsidiary of debt-ridden Reliance Capital undergoing a resolution process. Both Piramal and Zurich, which...
Piramal, Cadila among 32 companies in race to buy Sharon Bio-Medicine
Piramal Pharma, Cadila Pharmaceuticals, Shamrock Pharmachemi and ACG Associated Capsules are among the 32 entities in the fray to acquire Sharon Bio-Medicine, which is undergoing a second round of insolvency...
NCLT approves demerger of pharma business from Piramal Enterprises
The National Company Law Tribunal on Friday approved the demerger of Piramal Enterprises’ (PEL) pharma business and the simplification of the company’s corporate structure. The order paves the way towards creation of...
Piramal, IndusInd, Oaktree and Cosmea mull bid for Reliance Capital
A Piramal group-led consortium, IndusInd International, Oaktree Capital and Cosmea Financial are among resolution applicants actively considering a bid for Reliance Capital as an entire company, said two people aware of...
Piramal Enterprises gets shareholders’ nod to demerge pharma business
Ajay Piramal-owned Piramal Enterprises has received shareholders’ approval to demerge its pharmaceuticals business and simplify the corporate structure. The company received 99 per cent of the votes at the shareholders...
Apollo, Piramal, Adani In Race To Buy Hll Lifecare
The government will soon call financial bids for HLL Lifecare Ltd from bidders, including Piramal Group, Adani Group, Apollo Group of Hospitals and Megha Engineering and Infrastructures Ltd (Meil), said two people...
Adani, KKR, Piramal among 14 prominent bidders for Reliance Capital
Adani Finserve, KKR, Piramal Finance and Poonawala Finance are among the 14 prominent firms that have expressed interest to acquire debt-ridden Reliance Capital Ltd, promoted by the Anil Ambani Group, sources said. The...