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Piramal Enterprises to merge with Piramal Capital
Source Mint (opens in a new tab)
Piramal Enterprises Ltd is to merge with its unlisted subsidiary Piramal Capital & Housing Finance Ltd, to embrace a structure that spares a mandatory public share sale by the unlisted arm.Piramal Enterprises investors will get one share of Piramal Capital for each held in the company. The merged company will be named Piramal Finance.Piramal Capital & Housing Finance is among the 15 upper-layer NBFCs (non-banking financial companies) mandated by RBI to go public by September 2025.