Piramal Enterprises approves share buyback worth ₹1,750 cr
Buyback represents 5.87% of total paid-up equity share capital at ₹1,250 apiece, a 16.51% premium over Friday's closing price
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Piramal Enterprises to sell its entire 8.34% stake Shriram Finance; stock jumps 13%
Piramal Enterprises will sell 3.1 crore shares in Shriram Finance at a floor price of ₹1,483 per share, a discount of 5% to Tuesday’s closing price on the BSE.
Ajay Piramal begins 2nd innings in pharma
Lists Piramal Pharma Ltd (PPL) on stock exchanges, with 35% stake with Piramal family and 20% with Carlyle Group.
Piramal Pharma hits 5% lower circuit on listing
Shares of Piramal Pharma opened at ₹201.80 on the BSE, while it declined 5% to hit a lower circuit of ₹191.75.
Piramal demerges pharma business, to list on stock exchanges
Restructuring to simplify corporate structure, create two separate listed entities.
Piramal enters affordable housing with ₹34,250 cr DHFL buy
The acquisition—which entails PCHFL’s merger with DHFL—will create one of the largest affordable housing finance companies in India.
Why transformation is a buzzword at Piramal
Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
How DHFL fits into Ajay Piramal’s plans
The tycoon has finally won DHFL in a bruising bidding war. Here's Fortune India's earlier story explaining why the ailing home finance company is critical to his plans.
FD holders of DHFL brace for a two-thirds haircut
Lenders are to decide the fate of more than 55,000 fixed deposit holders in two days. In all likelihood, they will lose over 60% of their investments.
DHFL sale enters last lap, three bidders fight it out
Race between Oaktree, Piramal, Adani to be decided in three days, committee of creditors to take final call on December 23.
