Piramal Enterprises

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Piramal Enterprises - Total results - 37
Piramal group gets RBI nod for acquisition of DHFL; mortgage lender's shares rise by 4.94%
Business

Piramal group gets RBI nod for acquisition of DHFL; mortgage lender's shares rise by 4.94%

DHFL was the first finance company to be referred to NCLT by the RBI using special powers under Section 227 of the IBC. The company owes Rs 87,031 crore to financial creditors

Piramal Enterprises shares tank nearly 14% after company reports net loss of Rs 1,703 cr in March quarter
Business

Piramal Enterprises shares tank nearly 14% after company reports net loss of Rs 1,703 cr in March quarter

Shares of Piramal Enterprises on Tuesday plunged nearly 14 percent after the company reported a net loss of Rs 1,702.59 crore in the quarter ended 31 March

Former SBI chief Arundhati Bhattacharya resigns from Piramal Enterprises board
Business

Former SBI chief Arundhati Bhattacharya resigns from Piramal Enterprises board

Piramal Enterprises on Thursday said its board has accepted the resignation of SBI''s former chairman Arundhati Bhattacharya as an independent director of the company from 16 April, 2020

Piramal Enterprises receives $900 mn on closing sale of healthcare insights, analytics business
Business

Piramal Enterprises receives $900 mn on closing sale of healthcare insights, analytics business

Piramal Enterprises on Monday said it has received $900 million (around Rs 6,500 crore) on completion of divestment of stake in its healthcare insights and analytics business to US-headquartered Clarivate Analytics

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover
Business

DHFL stock rises 5% to hit upper circuit as over two dozens entities interested in takeover

Shares of Dewan Housing Finance Corporation Ltd on Tuesday shot up 5 percent to hit upper price band after more than two dozen entities put in bids to takeover the debt-laden firm

Piramal Enterprises' Rs 3,650 cr rights issue over-subscribed around 1.14 times
Business

Piramal Enterprises' Rs 3,650 cr rights issue over-subscribed around 1.14 times

Piramal Enterprises on Wednesday said its nearly Rs 3,650 crore rights issue that closed on Tuesday was over-subscribed around 1.14 times

Piramal sells DRG business to Clarivate Analytics for $950 mn; will use money to reduce debt, explore growth opportunities
Business

Piramal sells DRG business to Clarivate Analytics for $950 mn; will use money to reduce debt, explore growth opportunities

The transaction is expected to be completed by the end of February 2020, Piramal Enterprises Limited said in a statement.

Piramal Enterprises shares tank 14%; company to raise Rs 5,400 cr through rights issue, debentures
Business

Piramal Enterprises shares tank 14%; company to raise Rs 5,400 cr through rights issue, debentures

Piramal Enterprises on Friday said its board has approved raising of Rs 5,400 crore through a rights issue and preferential allotment of compulsory convertible debentures (CCDs)

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht
Business

Nearly two weeks after investing in NCDs, Sachin Bansal invests Rs 50 cr debt in consumer lending startup Kissht

Bansal's debt investment in Kissht, operated by Onemi Technology Solutions, is reportedly convertible to equity if any repayment issues arise, which is unlikely to happen.

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business
Business

Sachin Bansal invests Rs 200 cr in NCDs of Piramal Enterprises; company to use fund for financial services business

In May this year, Bansal had announced an investment of $32 million in electric vehicle manufacturer Ather Energy, which had raised $51 million in its latest round of funding.

Piramal Enterprises sharply cuts short-term borrowings, reduces dependence on CPs as NBFC crisis lingers
Business

Piramal Enterprises sharply cuts short-term borrowings, reduces dependence on CPs as NBFC crisis lingers

Without naming IL&FS, Ajay Piramal said, in September 2018, the default by a large financial services company on its debt instruments resulted in a sector-wide liquidity tightening

Canadian pension fund CPPIB plans to invest $150 mn in logistics firm Delhivery for 8% stake
Business

Canadian pension fund CPPIB plans to invest $150 mn in logistics firm Delhivery for 8% stake

In March this year, Piramal Enterprises had said it signed an initial pact with CPPIB to co-sponsor a $600 million renewable energy-focused infrastructure investment trust (InvIT).

Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture
Business

Piramal Enterprises, Canadian pension fund set up $600-mn renewable energy trust; CPPIB to hold 60% in new venture

CPPIB has committed $360 million and holding up to 60 percent while Piramal Enterprises has committed $90 million and holding 15 percent.

Piramal Enterprises Q4 profit dives 88% to Rs 456 crore; consolidated revenue stands at Rs 3,679.67 crore
Business

Piramal Enterprises Q4 profit dives 88% to Rs 456 crore; consolidated revenue stands at Rs 3,679.67 crore

In the year-ago period, Piramal Enterprises had a net profit of Rs 3,943.98 crore on the back of deferred tax, according to a regulatory filing

Pain relief tablet Saridon exempted from list of banned FDCs by Supreme Court: Piramal Enterprises
Business

Pain relief tablet Saridon exempted from list of banned FDCs by Supreme Court: Piramal Enterprises

In a regulatory filing, the company said the apex court has ruled in favour of Saridon, which is a heritage brand from its healthcare product portfolio.

Piramal Enterprises subsidiary sells entire stake in PISA to UK's Alliance Medical Acquisitionco
Business

Piramal Enterprises subsidiary sells entire stake in PISA to UK's Alliance Medical Acquisitionco

Consequent to the divestment, Piramal Imaging and Piramal Imaging GmbH, wholly-owned subsidiaries of PISA will also become subsidiaries of Alliance

After Rahul Gandhi demands Piyush Goyal's resignation over Flashnet scam, Congress puts forth 9 questions on Twitter
Politics

After Rahul Gandhi demands Piyush Goyal's resignation over Flashnet scam, Congress puts forth 9 questions on Twitter

The Congress on Tuesday directed its attack on Railway Minister Piyush Goyal by putting forward nine pertinent questions to him after Congress president Rahul Gandhi accused him of being involved in the Rs 48 crore Flashnet scam.

Congress lashes out at Piyush Goyal over 'murky' business dealings, says Narendra Modi's credibility is on test
Politics

Congress lashes out at Piyush Goyal over 'murky' business dealings, says Narendra Modi's credibility is on test

The Congress called Piyush Goyal's alleged sale of shares held in a privately-held company at nearly 1,000 times the face value as a "murky saga."

UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy process
Business

UltraTech says some Binani Cement creditors back its $1.1 billion bid outside of bankruptcy process

UltraTech said it had secured backing from some creditors of Binani Cement to buy firm for $1.1 billion outside of a bankruptcy process