Piramal demerges pharma business, to list on stock exchanges
Restructuring to simplify corporate structure, create two separate listed entities.
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October 2021
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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.
Piramal sells healthcare analytics business
The deal with the U.S.-based Clarivate will give Piramal Enterprises much needed liquidity to invest in its NBFC business.
