M&A

M&A

Piramal Enterprises merges with Piramal Finance

Economic Times  

Mumbai-based Piramal Enterprises (PEL) has merged with Piramal Finance (PFL). Each shareholder of PEL will be allotted four equity shares of PFL for every one share held in PEL. The merger is aimed at consolidating the financial services business under Piramal Finance, which will become the listed entity after the restructuring.