Piramal Enterprises Limited
Piramal Enterprises Limited (PEL) is one of India’s leading diversified non-banking financial companies (NBFC) with assets worth ~$10 billion, with a network of over 400 branches across 26 states/Union Territories, offering a wide range of financial products and solutions across retail and wholesale lending, fund-based platforms and investments.
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Piramal Enterprises (PEL) announces its merger with Piramal Finance (PFL). PEL shares will soon cease trading. Eligible shareholders will receive PFL shares 1:1 on the record date, with PFL pursuing listing for new securities.
Piramal Enterprises received an independent 'Medium' ESG Score of 73.1 for FY 2025 from SES ESG Research Pvt. Ltd. The company notes it did not engage SES, and the report was based on publicly available information.
Piramal Enterprises Limited has successfully merged with Piramal Finance Limited, as the Composite Scheme of Arrangement became effective. PEL is now dissolved, consolidating the business structure.
NCLT approved Piramal's Composite Scheme, merging Piramal Enterprises with Piramal Finance. This ensures RBI compliance for a single listed NBFC-ICC. A Record Date is set for issuing new shares and transferring debt, consolidating the lending business to enhance shareholder value.
Piramal Enterprises (PEL) delivered strong Q1 financial results, with Profit After Tax (PAT) surging 52% YoY to INR 276 Cr. Total Assets Under Management (AUM) expanded 22% YoY to INR 85,756 Cr, led by a 37% YoY jump in Retail AUM to INR 69,005 Cr. The strategic shift to growth...