Merger12 May 2026, 06:41 pm
Piramal Finance Scheme of Amalgamation Approved by NCLT
AI Summary
Piramal Finance Ltd. announced that the Hon'ble NCLT, Mumbai Bench, has approved the scheme of amalgamation involving Piramal Finance Limited, Piramal Corporate Tower Private Limited, Piramal Agastya Offices Private Limited, DHFL Investments Limited, and their respective shareholders and creditors. The NCLT order, dated April 30, 2026, was uploaded on the NCLT website on May 11, 2026. The company has also uploaded the order on its website.
Key Highlights
- NCLT Mumbai Bench approved the amalgamation scheme for Piramal Finance and related entities.
- The order was issued on April 30, 2026, and uploaded on NCLT website on May 11, 2026.
- The scheme involves Piramal Finance and Piramal Group companies.
- The approved scheme is under Sections 230 to 232 of the Companies Act, 2013.