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Informist, Thursday, Sept. 11, 2025

MUMBAI – The National Company Law Tribunal has approved the merger of Piramal Finance Ltd. with Piramal Enterprises Ltd. The record date for the merger is Sept. 23, Piramal Enterprises said in a notice to the stock exchanges Thursday. 

Guidelines by the Reserve Bank of India for non-bank finance companies required Piramal Finance to be listed on the exchanges by Sept. 30. Since Piramal Enterprise is already listed on the exchanges, the merger of Piramal Finance with the company will meet the requirements laid down by the RBI. Piramal Finance will transfer its entire credit portfolio to Piramal Enterprises.

The amalgamation will reduce the administrative and operational challenges and the disruptions in the retail lending business of Piramal Enterprises, the release said. Further, it will lead to the consolidation of financial, managerial, technical, and human resources. The shareholders of the parent company will have direct ownership in one single listed entity, including operations, profits and the entire value of the lending business of Piramal Finance.

On Thursday, shares of Piramal Enterprises ended 0.7% lower at INR 1,061.20 on the National Stock Exchange.  End

Reported by Janwee Prajapati

Edited by Ashish Shirke

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