Piramal Enterprises rises on investing Rs 700 crore in Piramal Finance

Piramal Enterprises is currently trading at Rs. 1147.95, up by 0.20 points or 0.02% from its previous closing of Rs. 1147.75 on the BSE.

piramal enterprises zooms on reporting 15 rise in q2 consolidated net profit

The scrip opened at Rs. 1153.05 and has touched a high and low of Rs. 1157.25 and Rs. 1142.00 respectively. So far 6983 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1275.40 on 12-Dec-2024 and a 52 week low of Rs. 849.90 on 03-Mar-2025.

Last one week high and low of the scrip stood at Rs. 1177.20 and Rs. 1103.70 respectively. The current market cap of the company is Rs. 26014.67 crore.

The promoters holding in the company stood at 46.41%, while Institutions and Non-Institutions held 30.46% and 23.14% respectively.

Piramal Enterprises has invested Rs 700 crore in Piramal Finance (PFL) (Formerly known as Piramal Capital & Housing Finance), a wholly owned subsidiary of the company by way of subscription to rights issue (Transaction).

PFL will be utilizing the aforesaid investment towards business/ general corporate purposes. There is no change in the shareholding percentage of the company in PFL pursuant to the aforesaid investment. The Transaction being between the holding company and its wholly owned subsidiary, it is exempt from the purview of related party transactions. The interest of the promoter/ promoter group/ group companies of the Company is only to the extent of PFL being a wholly owned subsidiary.

Piramal Enterprises is one of India’s large diversified companies, with a presence in Pharmaceuticals, Healthcare Information Management and Financial Services

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