Piramal Finance Receives $148.099 Million from Divestment of Piramal Imaging SA

Piramal Finance Ltd has announced that it has received an amount of USD 148.099 million from the divestment of its step-down subsidiary, Piramal Imaging SA, to Alliance Medical Acquisitionco Limited. This is part of a larger transaction where the Company may receive further amounts in subsequent years from any eligible profits and future earnouts relating to the Imaging Group, subject to a maximum of USD 200 million (inclusive of the above USD 148.099 million). The proceeds will be used to strengthen the Company's balance sheet.