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...
Piramal Enterprises: The perfect example of Value Creation through M&A
Ajay Piramal of Piramal Enterprises Ltd is an acute M&A Strategist, business savvy and smart negotiator. In the last 40 years, he created huge value for all stakeholders of Piramal Enterprises Ltd (‘PEL’, ‘Company’)...
Piramal board okays demerger of pharma, financial services operations
Piramal Enterprises Ltd said on Thursday that its board has approved the restructuring of the company’s business to demerge its financial services and pharmaceuticals operations into two separate listed entities...
After acquisition of DHFL, Piramal Group sets eyes on demerger of pharma business
Billionaire Ajay Piramal sealed the takeover of stressed Dewan Housing Finance Corporation (DHFL) after a year-long battle with global funds that would position the family to realise its decade-old dream of making it...
NCLAT says any further action on Piramal’s DHFL Resolution Plan subject to 63 moons plea
The National Company Law Appellate Tribunal (NCLAT) on Friday declined to stay the resolution plan of Dewan Housing Finance Corporation Ltd (DHFL) and its subsequent takeover by the successful bidder NSE 0.91 % Capital...
NCLAT issues notices to lenders, Piramal on 63 Moons Technologies’ plea
The National Company Law Appellate Tribunal (NCLAT) on Tuesday issued notices to DHFL’s lenders and its winning bidder Piramal Capital over a petition filed by 63 Moons Technologies challenging the resolution...
NCLAT declines plea of Prudential International Insurance challenging approval of Piramal’s bid for DHFL
The appellate insolvency tribunal NCLAT on Monday declined a plea by US-based Prudential International Insurance Holdings Ltd challenging an NCLT order approving the bid of Piramal group for the debt-ridden Dewan...
Piramal Pharma completes acquisition of Hemmo Pharmaceuticals
Piramal Enterprises on Wednesday said its subsidiary, Piramal Pharma, has completed the acquisition of Hemmo Pharmaceuticals. “Piramal Pharma Ltd has completed the acquisition of Hemmo,” Piramal Enterprises...
63 Moons to challenge Piramal’s DHFL buy
Mumbai-based financial services firm 63 Moons Technologies Ltd on Tuesday said it will challenge the National Company Law Tribunal’s (NCLT’s), order permitting Piramal Group to take over Dewan Housing Finance Corp. Ltd...
NCLT approves Piramal’s resolution plan for DHFL
The National Company Law Tribunal Monday permitted the Piramal Capital and Housing Finance to own Dewan Housing Finance Ltd (DHFL), an indebted home financier. While allowing the petition filed by the RBI-appointed...
Piramal receives nod from CCI for DHFL acquisition
Piramal Enterprises (PEL) on Thursday said its subsidiary Piramal Capital and Housing Finance (PCHFL) has received approval from the Competition Commission of India (CCI) to take over Dewan Housing Finance...
Piramal gets RBI nod to acquire DHFL
The Piramal Group has received the approval from Reserve Bank of India (RBI) to acquire Dewan Housing Finance Corporation Ltd (DHFL) under bankruptcy law. DHFL was the first finance company to be referred to NCLT by the...