Intimation of effectiveness of the Composite Scheme of Arrangement amongst Piramal Enterprises Limited, Piramal Finance Limited (Formerly known as Piramal Capital & Housing Finance Limited) ....
Awaiting price reaction for this filing.
Piramal Enterprises Ltd (PEL) has announced that its merger scheme with Piramal Finance Limited (PFL, formerly Piramal Capital & Housing Finance Limited) has become effective from 16 September 2025. The NCLT Mumbai Bench had approved and sanctioned the scheme via its order dated 12 September 2025, and the certified copy was filed with the Registrar of Companies, Mumbai, on 16 September. As a result, PEL stands merged with PFL and dissolved without being wound up. PEL shareholders would now hold shares in PFL in terms of the approved swap ratio.
The merger effectively ends PEL as a listed entity, with shareholders becoming shareholders of PFL. The combined entity is expected to create a unified, large-scale financial services platform, but existing PEL shareholders should expect share-swap-based holding in PFL going forward.