Intimation under Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Filing of Company Scheme Application with Hon''ble National Company Law ....
Awaiting price reaction for this filing.
Piramal Enterprises Limited (PEL) has filed a Company Application with the National Company Law Tribunal (NCLT), Mumbai Bench on 10th April 2025 in relation to its composite scheme of arrangement with Piramal Finance Limited (formerly Piramal Capital & Housing Finance Limited) and their respective shareholders and creditors. The scheme is being pursued under Sections 230-232 of the Companies Act, 2013. This filing follows the receipt of no-objections from BSE, NSE, and the Reserve Bank of India for the proposed scheme. Earlier intimations on this matter were dated 8th May 2024, 26th October 2024, and 9th April 2025.
This is a procedural step forward in the proposed restructuring/arrangement between PEL and Piramal Finance. Shareholders should await NCLT approval and further updates on the scheme's terms, timelines, and any potential impact on shareholding or value.