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Merger11 Sept 2025, 04:06 pm

Piramal Enterprises Ltd Receives NCLT Approval for Composite Scheme of Arrangement

AI Summary

Piramal Enterprises Ltd has received approval from the National Company Law Tribunal (NCLT), Mumbai Bench, for the Composite Scheme of Arrangement with Piramal Finance Limited. The scheme, which involves the merger of Piramal Enterprises into Piramal Finance, has received all necessary regulatory approvals. The companies have fixed 23rd September 2025 as the record date for the scheme. The NCLT order sanctioning the scheme is available on the company's website.

Key Highlights

  • Piramal Enterprises Ltd has received approval from the NCLT for the Composite Scheme of Arrangement with Piramal Finance Limited.
  • The scheme involves the merger of Piramal Enterprises into Piramal Finance.
  • All necessary regulatory approvals have been received for the scheme.
  • The companies have fixed 23rd September 2025 as the record date for the scheme.
  • The NCLT order sanctioning the scheme is available on the company's website.