Piramal Enterprises News
Piramal Enterprises board approves demerger of pharma business, simplification of corporate structure
The pharmaceuticals business will get vertically demerged from Piramal Enterprises and consolidated under Piramal Pharma, the company said in a regulatory filing.
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
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
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 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
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
Adani, KKR, Bain Capital, Piramal, Kotak, among two dozen bids for DHFL; around 14 entities keen to take over entire operations
Most banks led by the State Bank have declared DHFL account as an NPA in the third quarter.
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
The transaction is expected to be completed by the end of February 2020, Piramal Enterprises Limited said in a statement.
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
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
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
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
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
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
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
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.
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
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
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."