Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management are close to investing $15-20 million private credit in Sri Sarvaraya Sugars Ltd, a Chennai-based bottler of Coca-Cola India, two people aware...
Piramal Pharma to acquire 100% stake in Hemmo Pharma for ₹775 crore
Piramal Pharma Solutions (PPS) made this third acquisition of FY21 as it entered into an agreement to purchase a 100% stake in Hemmo Pharmaceuticals Pvt. Ltd for ₹775 crore, the companies said in a joint statement on...
Piramal Capital raises ₹4,050 crore via NCDs
Piramal Capital & Housing Finance Ltd on Monday said it has raised ₹4,050 crore through two tranches of five-year non-convertible debentures (NCDs). The first tranche of ₹2,000 crore opened on 10 March with a pay-in...
Piramal Capital plans record bond sale to partly pay for acquisition of DHFL
The financial unit of Indian billionaire Ajay Piramal’s conglomerate is poised to sell its biggest-ever bond, and will use the money to partly fund the takeover of failed shadow bank Dewan Housing Finance Corp. Piramal...
Piramal Capital to raise up to ₹3,000 cr via NCDs
Ajay Piramal-backed Piramal Capital & Housing Finance Ltd (PCHFL) is looking to raise up to ₹3,000 crore in its second bond sale in a week. The housing finance company will issue secured non-convertible debentures...
Piramal group gets RBI approval for debt-ridden DHFL’s acquisition
The Reserve Bank of India (RBI) on Thursday cleared the Rs 34,250-crore acquisition of Dewan Housing Finance Corporation (DHFL) by the Piramal group. The Ajay Piramal-led group had outbid US-based asset management firm...
Piramal to delist DHFL, wiping out shareholders post-takeover
Thousands of shareholders of Dewan Housing Finance Corp. Ltd (DHFL) are set to be wiped out as Piramal Group, which won a bidding war for the bankrupt mortgage lender, is set to delist the shares of the home financier...
DHFL resolution: Lenders approve Piramal’s bid
Debt-ridden mortgage lender DHFL Ltd on Sunday said the Committee of Creditors (CoC) has approved resolution plan submitted by Piramal Capital and Housing Finance Limited, a Piramal Group company. This was approved by...
Blackstone notifies CCI of its proposed acquisition of Piramal Glass
Private equity (PE) group, Blackstone, has notified the Competition Commission of India (CCI) of its proposed acquisition of Piramal Glass Pvt Ltd (PGPL) and its subsidiaries, on Monday. ET had previously reported that...
Ahead of voting to decide new owner of DHFL, Oaktree fires fresh salvo against Piramal bid
Ahead of the three week long voting starting Monday to decide on the new owner of Dewan Housing Finance Limited (DHFL), Oaktree has fired yet another salvo by attacking the bid of its nearest competitor...
Piramal makes his case as bid for DHFL intensifies
Billionaire Ajay Piramal on Monday made a strong case for the resolution plan submitted by his group for the troubled Dewan Housing Finance Corp. Ltd (DHFL). In a letter to DHFL’s administrator R. Subramaniakumar, he...
Piramal, Oaktree agree to sweeten DHFL bids
The race to acquire bankrupt Dewan Housing Finance Corp. Ltd (DHFL) has intensified with top bidders Oaktree Capital Management and Piramal Group offering to sweeten their bids as the sale process entered final...