Piramal - Live News America

Piramal Capital withdraws insolvency proceedings against Reliance Power

Piramal Capital and Housing Finance Ltd has withdrawn the insolvency proceedings against Reliance Power Ltd. Piramal Capital and Housing Finance Ltd has withdrawn the application made against Reliance Power Ltd under section 7 of the Insolvency and Bankruptcy Code 2016, a BSE filing stated. This follows an out-of-court settlement between both … Read more

Piramal Enterprises posts net loss of Rs 1,536 cr on higher provisions

In its first quarterly earnings as a listed non-banking finance company (NBFC) post the demerger of the pharma business, Piramal Enterprises Ltd (PEL) reported a net loss of Rs 1,536 crore in July – September (Q2FY23) quarter, on account of additional provisioning and fair value adjustment of Rs 3,311 crore on assets during the … Read more

MSCI sets aside Piramal Pharma’s exclusion from global standard index

Global index provider Morgan Stanley Capital International (MSCI) has set aside the excision of Piramal Pharma Solutions (Piramal Pharma) from its Global Standard Index after the stock hit the lower trading limit. Shares of Piramal Pharma dropped 5 per cent to close at Rs 163.3 on the BSE. The stock has hit … Read more

Piramal Pharma ends at Rs 192 on debut, valued at Rs 22,882 cr at close

Shares of Piramal Pharma closed at Rs 192 on Wednesday during their listing debut. The company, which got listed separately following its demerger from Piramal Enterprises, was valued at Rs 22,882 crore at last close. In FY22, the contract development and manufacturing (CDMO) vertical accounted for 59 per cent of its sales, … Read more

Piramal Enterprises logs Rs 151 cr net profit in Q4, overcomes loss

Piramal Enterprises reported on Thursday a consolidated net profit of Rs 151 crore in the January-March quarter of FY22, compared to loss of Rs 510 crore in the year-ago period. The net profit was factored additional provisioning of Rs 822 crore and interest reversal of Rs 215 crore. Revenues were … Read more

Piramal Group chairman awarded for services to UK-India trade relationship

Piramal Group Chairman Ajay Piramal has received the prestigious Commander of the Order of the British Empire (CBE) award, a release said on Tuesday. Piramal has received the award for services to the UK-India trade relationship as India Co-Chair of the UK-India CEO Forum. … Read more

Piramal Capital & Housing Finance to hire 6k, to increase branches to 400

Piramal Capital & Housing Finance Limited (PCHFL) is targetting to hire almost 6,000 fresh employees as part of its aggressive expansion plans in the current financial year 2022-23. The company is simultaneously looking to increase its branch network from about 300 to nearly 400 pan India during the same period. … Read more

Yesh Nadkarni appointed CEO for wholesale lending at Piramal Capital

Yesh Nadkarni has been appointed the new chief executive officer for wholesale lending at Piramal Capital & Housing Finance Limited (PCHFL). The primary focus of wholesale business is on real estate lending. Apart from expanding the wholesale business, Yesh will be responsible for building a high-quality granular book across different … Read more

Piramal Enterprises gets board nod to raise up to Rs 700 cr through bonds

Piramal Enterprises Ltd on Wednesday said the administrative committee of its board of directors has approved raising of up to Rs 700 crore through the issue of non-convertible debentures (NCDs) on a private placement basis. The committee in its meeting held on Wednesday approved the issuance of the NCDs on … Read more

Piramal Enterprises plans to raise up to Rs 700 crore through bonds

Piramal Enterprises Ltd plans to raise up to Rs 700 crore through issue of Non-Convertible Debentures (NCDs) on a private placement basis, according to a regulatory filing by the company. A meeting of the administrative committee of the board of directors of the company will be held on May 4, … Read more