Piramal Enterprises Ltd Announces Merger with Piramal Finance Limited

Piramal Enterprises Limited (PEL) has announced a merger with Piramal Finance Limited (PFL), formerly known as Piramal Capital & Housing Finance Limited. The record date for allotting equity shares of PFL to eligible shareholders of PEL is 23 September, 2025. From this date, the securities of PEL will stop trading and shareholders of PEL will be allotted equity shares of PFL in the ratio of 1:1. PFL will make necessary applications to list these securities on the stock exchanges, which will be available for trading upon these approvals and listing. This change only applies to the securities issued by PEL, while existing debt securities of PFL will continue to trade on the stock exchanges.