Investment27 Jun 2025, 05:24 pm
Piramal Enterprises Invests Rs. 700 Crore in Wholly Owned Subsidiary Piramal Finance Limited
AI Summary
Piramal Enterprises Ltd. has invested Rs. 700 crore in its wholly owned subsidiary, Piramal Finance Limited (PFL), through a rights issue. The investment will be used by PFL for business and general corporate purposes. Notably, this transaction does not result in any change in the Company's shareholding percentage in PFL, and it is exempt from related party transaction regulations. The revenue from operations of PFL for FY23, FY24, and FY25 was Rs. 6,59,178 lakhs, Rs. 6,66,356 lakhs, and Rs. 8,17,948 lakhs, respectively. This development is in compliance with Regulations 30 and 51 of the SEBI Listing Regulations, 2015.
Key Highlights
- Piramal Enterprises invests Rs. 700 crore in wholly owned subsidiary Piramal Finance Limited.
- Investment to be utilized by PFL for business and general corporate purposes.
- Transaction is exempt from related party transaction regulations.
- No change in the Company's shareholding percentage in PFL.
- PFL's revenue from operations for FY23, FY24, and FY25 were Rs. 6,59,178 lakhs, Rs. 6,66,356 lakhs, and Rs. 8,17,948 lakhs, respectively.